Compare our latest Australian dollar rates from top travel money providers and find the best deals for your holiday spending.
We're on a mission to improve the finances of the nation by helping you to spend wisely and save money
We're on a mission to improve the finances of the nation by helping you to spend wisely and save money
By Laura Rettie, Personal Finance Journalist.
When looking for travel money, you want to make sure you're getting the best deal. See the latest Australian dollar exchange rates and get the best deal for your next trip.
Australian dollars (AUD) are the official currency of Australia and its external territories. There are 6 countries or territories in total that use AUD as their currency. These are:
Australian dollars can be ordered online through a range of providers, and many will give you the option of delivery or collection.
It's common to find the best exchange rates on Australian dollars online, but rates and fees can vary from provider to provider. It's important to shop around and compare your options to ensure you're getting the best deal.
In most cases, exchanging your GBP to AUD before you leave is a good idea, and you will get the best deal from UK providers. You can withdraw cash from ATMs or use your debit or credit cards in Australia, but depending on your card provider's foreign transaction fees, this can be an expensive option.
If you're a regular traveller or just dislike the idea of carrying around significant amounts of cash, it might be a good idea to consider a prepaid travel card or, alternatively, a travel credit card. These are designed to be used abroad and will often come with low fees and the best exchange rates.
Knowing how much cash to take on holiday can be tricky. We've all come back from a trip with leftover foreign currency before. Many providers will now offer a buyback guarantee. This is where they promise to buy back any AUD you have left after your holiday for the same exchange rate you purchased it for.
You can take any amount of AUD with you into Australia, but you will have to declare any currency (Australian dollars & other equivalents) above $10,000 (AUD) you will need to declare it at customs. To get the latest information on taking cash to Australia, you can check the Reserve Bank of Australia website.
The Australian dollar is split into 100 cents. Banknotes come in denominations of $5, $10, $20, $50 and $100. Like the UK, Australian banknotes are made of a synthetic polymer and are no longer made of paper.
The coins available in Australia are 5, 10, 20, and 50 cents.
The information provided does not constitute financial advice, it’s always important to do your own research to ensure a financial product is right for your circumstances. If you’re unsure you should contact an independent financial advisor.
You are able to buy travel money with a credit card, but exchanging currency is often treated like a cash withdrawal and so could end up being costly. It's usually better to buy currencies with a debit card.
You'll often find the best exchange rates when ordering currency online. Like with any online transaction, though, you do need to be careful. As long as you order from a reputable provider, buying currencies online is completely safe. It's a good idea to compare your options, read customer reviews and make sure you use a reliable service.
