Coins are in denominations
of A$2 and 1, and 50, 20, 10 and 5 cents.
The Australian Dollar is the official currency
in Australia.
1 Australian Dollar (A $) = 100 cents.
Notes
are in denominations of A $ 5, 10, 20, 50 and 100.
Coins
are in denominations of 5, 10, 20 and 50 cents, and A $ 2 and 1.
Currency exchange
Currency can be exchanged at all international
airports in Australia. It is recommended for visitors to exchange
money at city banks or airports, however, international class hotels
will also change major currencies for guests.
Credit & debit cards
The widely accepted cards are Visa, MasterCard,
American Express and Diners Club. The use of these may be restricted
in outback areas and small towns.
It is advised to check with your debit or credit card company for
details of merchant acceptability and other facilities which may
be available.
Travellers cheques
Travellers cheques are accepted in major
currencies at large hotels or banks, some banks may charge a fee.
To avoid additional exchange rate charges, travellers are recommended
to take travellers cheques in a major currency.
Exchange
rate indicators
The following figures should be perceived as a guide to the movements
of the Australian Dollar against the US Dollar and UK Pounds Sterling:
Date
Oct’07
UK
£1.00=
2.244
US
$1.00=
1.07
Currency restrictions
Import and Export of coins and notes in Australian or foreign
currency above A $ 10,000 must be declared to customs
at the port of departure or entry. Export of local currency above
A $ 2000 must have reserve bank approval.
Banking hours
Banks are open from Monday to Thursday from 9.30 am to 4.00 pm,
and Fridays 9.30 am to 5.00 pm. These hours can vary throughout
Australia.
