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AsiaRooms offers details on everything you wanted to know about the currency of Australia. It is always important to have proper knowledge about the currency regulations before you visit a new country. So even as you travel to Australia, you should keep those facts in mind. Hence, whenever you want some information on the Australian currency, its exchange rates and other rules and regulations, you know where to look for assistance. Speaking of the history of the Australia currency, many forms of currency were in use in the Australian colonies established by the British. At places, even the barter system of exchange prevailed. Among the first notes in Australia were issued in 1816 by the Bank of New South Wales. Later, the Australian Notes Act (1910) came into being and the first Australian notes were issued in 1913. It was adopted from the British system of twelve pence to a shilling and twenty shillings to a pound. It was in 1963 when the government of Australia decided to make a move to decimal currency, which was named the “Dollar”. So decimal currency was introduced on the 14 th of February in 1966. Today, Australia boasts of being the first country to have bank notes made of plastic. A great way to fight the menace of counterfeit notes, these notes also last long without any damage. The Australian Dollar notes come in denominations of 5, 10, 20, 50 and 100. Meanwhile, the Australian currency also comes in coins of 5, 10, 20 and 50 cents. Australia currency also consists of one and two dollar coins. The conversion rate between the Australian Dollar (AUD) and the US Dollar (USD) is 1 AUD = 0.7876 USD. There are export and import restrictions on the Australian Dollar. So you should check the latest information on Australia currency related issues before you travel to Australia. AsiaRooms offers online information on the Australia Currency. For details, please fill up the form given below.
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