What Type of Money Is Used in Australia?
Australia’s official currency is the Australian Dollar (AUD), symbolized as $ or sometimes written as A$ to distinguish it from other dollar currencies. It is subdivided into 100 cents and is the only legal tender accepted across the country.
Quick facts about the Australian Dollar
- Currency code: AUD
- Symbol: $ or A$
- Subunit: 1 dollar = 100 cents
- Coins: 5c, 10c, 20c, 50c, $1, and $2
- Banknotes: $5, $10, $20, $50, and $100
- Issued by: Reserve Bank of Australia (RBA)
A bit of history
The Australian dollar was introduced in 1966, replacing the Australian pound at a rate of two dollars to one pound. Australia was among the first countries to switch entirely to polymer banknotes, which are more durable and harder to counterfeit than paper notes. This innovation has since been adopted by many other countries.
Using money in Australia
Everyday payments
- Cash is still accepted, but most Australians prefer card and digital payments. Contactless “tap-and-go” is widely available, even for small purchases like coffee or public transport.
- Visa® and Mastercard® are the most commonly used cards, and mobile wallets like Apple Pay® and Google PayTM are also popular.
Visa is a registered trademark of Visa International Service Association and used under license.
Mastercard is a registered trademark, and the circles design is a trademark of Mastercard International Incorporated.
Apple and the Apple Wallet are trademarks of Apple Inc., registered in the U.S. and other countries.
Google Wallet is a trademark of Google LLC.
ATMs and banking
- ATMs are widely available in cities and towns, offering withdrawals in Australian dollars.
- International cardholders may face withdrawal fees, so checking with your bank before travelling is recommended.
Foreign currency
- Shops and businesses in Australia do not accept foreign cash like US dollars or euros. Travellers need to exchange their money into AUD at banks, airports, or exchange services.
Exchange rate and stability
The Australian dollar is one of the most traded currencies in the world, with its value often influenced by global commodity markets and trade. Exchange rates fluctuate daily, so checking the live rate before exchanging or sending money is important.
Key takeaways
- The official currency of Australia is the Australian Dollar (AUD).
- Coins range from 5 cents to $2: notes from $5 to $100.
- Foreign cash isn’t accepted, so AUD is essential for everyday spending.
- Card and digital payments are the norm, though cash is still used in some cases.
- Sending money through providers like Paysend ensures quick, secure transfers in Australian dollars.
The educational materials on this site are provided for informational purposes only and do not reflect the opinions of Central Bank of Kansas City, Member FDIC. Educational materials may contain links to content on third-party websites, which are provided for your convenience; please note that linked sites may have a privacy and security policy different from our own, and we cannot attest to the accuracy of information. The Central Bank of Kansas City does not guarantee nor expressly endorse any particular business, product, service, or third-party content.
Últimas publicações
As businesses expand internationally, managing global payments efficiently becomes a defining challenge. Collecting, converting, and disbursing funds across markets often involves multiple systems, delays, and high costs. Paysend’s Instant Settlement Accounts simplify this process, giving enterprises a single, multi-currency account that connects directly to our global payout network.
Designed to address the main pain points in cross-border money transfer, Instant Settlement Accounts help institutions manage liquidity, reduce FX risk, and access over 100 payout markets instantly. It’s part of Paysend’s mission to build the world’s largest digital payment network, empowering partners to move money globally with control, transparency, and precision.
At Paysend, we’re on a mission to bring simple money transfer to all, including people and communities who haven’t always had easy access to fast, fair money transfers. This December, we’re helping you save on your international transfers so more of your money reaches your loved ones. From 10–31 December 2025, Paysend is offering improved foreign exchange rates on all transfers above $1,000 USD.
Whether you’re supporting family abroad, paying bills or simply sending a treat, this is the perfect opportunity to make larger transfers using our online money transfer service, and get better value while we continue building the world’s largest digital payment network.
