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Australia Costs, Money and Banks



Costs, Money and Banks

If you've travelled down from Southeast Asia you'll find Australia expensive on a day-to-day basis, but fresh from Europe or the US you'll find prices comparable or cheaper. Australia is well set up for independent travellers, and with a student, YHA or a backpackers' card you can get discounts on a wide range of travel and entertainment.

Australia's currency is the Australian

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dollar, or "buck", divided into 100 cents. Plastic notes with forgery-proof clear windows come in $100, $50, $20, $10 and $5 denominations, along with $2, $1, 50c, 20c, 10c and 5c coins. There are no longer 1c or 2c coins, but prices are regularly advertised at $1.99 etc and an irregular bill will be rounded up or down to the closest denomination.

Exchange rates fluctuate around an over-the-counter rate of A$2.90 for GBP1; A$2 for US$1; A$1.20 for CDN$1; and A$0.80 for NZ$1


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7/9/2008 4:45:24 AM