THE AUSTRALIAN DOLLAR: ORDER CASH FOR YOUR TRIP DOWN UNDER
Here you can easily buy Australian dollars online and find out the current exchange rate from euros to AUD in our currency converter.
NOT JUST THE CURRENCY FOR AUSTRALIA
According to Countryaah, the Australian dollar (AUD) is the official currency in Australia and is also used to pay on the islands of Kiribati, Nauru and Tuvalu. The currency popularly known as “Aussie” is simply abbreviated within Australia with the dollar sign. The abbreviation A $ or AU $ is sometimes used to distinguish it from other dollar currencies.
CONVERSION OF THE CURRENCY SYSTEM: THE DOLLAR REPLACES THE POUND
In the early 1960s, the Australian government was one of the last countries to decide to convert the outdated English coin system to a decimal system, thereby replacing the previously valid Australian pound with a new currency. When it was introduced, the Australian dollar was tied to the US dollar exchange rate, as Australia was a member of the so-called Bretton Woods Agreement. Like many other countries, however, Australia left at the beginning of the 1970s because the system could no longer do justice to the economic conditions of the member states.
SUGGESTED NAMES FOR THE CURRENCY: “AUSTRAL”, “BOOMER” AND “KANGA”
To find a new name for the currency, the government publicly called for name proposals. The ideas were diverse: They ranged from regional references such as “Emu”, “Boomer” and “Austral” to classic terms such as “Pound” or “Dollar”. The government’s favorite was initially the designation “Royal” – a strong reference to the British Crown. However, popular protests prevented this name. The “dollar”, which was introduced in 1966, then met with general approval.
COINS DEPICT AUSTRALIA’S WILDLIFE
The Australian Royal Mint is responsible for issuing the coins. All coins are adorned with the portrait of Queen Elizabeth II, the respective backs refer primarily to Australia’s biodiversity and show typical representatives of the local fauna such as marsupial, platypus or kangaroo.
BANKNOTES PAY TRIBUTE TO FIGURES IN AUSTRALIAN HISTORY
In order to facilitate the transition to the new currency, the first series of banknotes put into circulation by the Reserve Bank of Australia in 1966 was still identical to the previously used denominations of the pound banknotes. Gradually, the 5, 50 and 100 dollar bills were added. In the 1980s, the 1 and 2 dollar bills were replaced by corresponding coins. Today the banknotes pay tribute to Australia’s social and cultural diversity and feature portraits of outstanding figures from Australian history.
ORDER CASH FOR THE TRIP CONVENIENTLY AT HOME
Australia is a popular travel destination. Tips have only become fashionable in recent years, but do not have to be given. However, cash does not do any harm – especially when traveling to smaller cities or in the outback, travelers like to take delicious Australian wines or souvenirs such as wool and sheepskins, boomerangs or paintings with them. For more helpful tips on staying in Australia, check out our Australia travel guide.
BUY AUSTRALIAN DOLLARS ONLINE
You can conveniently buy the Australian dollar (AUD) and other currencies via the XE website. Simply select the type you want, have the current exchange rate between the Australian dollar and the euro converted using the XE currency converter and order your travel money online. The currencies you buy from us will then be delivered to your home within a few days. In addition, you can also simply collect your travel money in one of the many branches of XE.
THE CURRENCY AT A GLANCE
1 Australian dollar = 100 cents. Currency abbreviation: A $, AUD (ISO code). There are banknotes in denominations of 100, 50, 20, 10 and 5 A $, coins in denominations of 2 and 1 A $ as well as 50, 20, 10 and 5 cents.
FOREIGN EXCHANGE REGULATIONS
No restrictions. The import and export of amounts with an equivalent value of A $ 10,000 or more must be declared.