Sydney

๐Ÿ’ณ

Australian Dollar

Official currency is the Australian Dollar (AUD)

Sections

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Australia uses the Australian Dollar (AUD) as its official currency. It is abbreviated with the symbol $ or sometimes A$ to distinguish it from other dollar-denominated currencies.

Key Facts About the Australian Dollar:

  1. Denominations:

    • Coins: 5 cents, 10 cents, 20 cents, 50 cents, $1, $2.
    • Banknotes: $5, $10, $20, $50, $100.

  2. Central Bank:

    • Issued and regulated by the Reserve Bank of Australia (RBA).

  3. Exchange Rates:

    • Exchange rates vary depending on global markets and the location where you exchange your money.
    • Itโ€™s advisable to check current rates through banks or currency exchange platforms.

  4. International Use:

    • The Australian Dollar is widely recognized and traded globally as a stable currency.

  5. Digital Payments:

    • Credit cards, debit cards, and digital payment platforms like Apple Pay and Google Pay are widely accepted throughout Australia.