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Australia Travel Guide

Australia Money & Banks

Prices in Australia are cheaper comparing with those of Europe or US, students have special discounts on many travel and entertainment places. The currency is the Australian dollar ($A or A$, AU$ or $AU, AUD), there are $100, $50, $20, $10 and $5 notes and coins of $2, $1, 50, 20, 10 and 5.

The actual currency exchange is: 1 Australian dollar = 0.88 U.S. dollars.

To go on camping to any part of Australia you'll better carry more than $40 for day, and almost $150 if you want to pass the night in a hotel, because of the distances and the size of Australia you'll spend much money moving yourself from a place to another, despite of the travel discounts. The traveller's cheques are a good tool for traveling to Australia, is like having money in cash but some small businesses maybe won't accept them and banks sometimes charge comissions. Furthermore, credit cards as Visa and Mastercard are recognized.

In major cities there are big Banks sucursals but in small towns you always will find a small agency handling bank business, some banks are the National, ANZ, Westpac and Commonwealth, the last one has as agents every post office in the country. Banks are open to public from Monday to Friday, 9:30am to 5pm. If you're moving to Australia you'll better open a bank account and for having one it's not enough to present your passport but every ID document you own.

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