Whether you’re country hopping backpackers or once in a lifetime honeymooners, Australia’s wide open spaces, world-class surf, vibrant cultural scene and unique wildlife make it one of the top destinations for a whole range of travellers. The country’s historically strong currency, the Australian dollar, has steadily declined in value since July 2011, making the land Down Under even more attractive and affordable as a holiday destination.
Australia is not usually considered a budget destination but if you’re careful with your spending it’s still possible to make your money go a long way, especially with the current exchange rate. It’s possible to survive on as little as A$70 a day if you camp, sleep in hostels, avoid eating out too much and take public transport wherever possible. Many younger travellers come to Australia on a working visa and getting a job can be the best way of stretching your funds and making your trip more affordable.
For those with a bigger budget, it’s possible to stay in comfortable hotels and dine in local restaurants for around $100 and A$200 per day, depending on which part of the country you’re visiting. By avoiding the tourist hotspots and heading off the beaten track to Australia’s smaller towns you can enjoy Oz’s famous laid-back culture for significantly less outlay. Travelling out of season will also make your money go further.
Expect to spend more between October and February, which are Summer months in the southern hemisphere. For those who want to splash out, Sydney and Melbourne are ranked as two of the world’s most expensive cities. However, with the Australian dollar falling against the pound, these cultural highlights of any trip Down Under are becoming more affordable to British travellers.
Australian currency tips for travellers
The Australian dollar is divided into 100 cents and its coins come in denominations of 5 cents, 10 cents, 20 cents and 50 cents, as well as 1 and 2 dollars
Notes come in denominations of 5 dollars, 10 dollars, 20 dollars, 50 dollars and 100 dollars
Order your currency in a range of denominations, making sure you take some smaller banknotes as some places may not be willing to take payment in A$50 or A$100 notes. It is usually possible to specify whether you would like to receive your currency in big notes, small notes, or a mixture of the two, but if in doubt try to break into a couple of your bigger notes before you leave the airport.
The Australian government levies a 10% Goods and Services Tax (GST) on almost all purchases. Visitors to the country are entitled to a refund of this tax on any purchase over a minimum value of A$300, no more than 30 days before they leave the country. This scheme doesn’t apply to all goods and those that do qualify you must be able to wear or carry as hand luggage onto the plane. But it can be a way of saving a few extra dollars on your overall holiday spend, particularly if you have done a lot of shopping.
Want to keep track of your spending?
Keep track of your holiday spending and instantly convert local prices into pounds with our free smartphone apps. There are three handy apps to download for iOS and Android, including Travel Essentials, Travel Money Card Plus & Currency Converter. You can also download an instant currency converter for your Apple Watch.
Australian dollar facts
The Australian dollar is the sole currency of the Commonwealth of Australia, which includes Christmas Island, Cocos (Keeling) Islands and Norfolk Island, and is also used in the independent Pacific Island states of Kiribati, Nauru and Tuvalu.
Australia was the first country in the world to switch to synthetic polymer (‘plastic’) bank notes, which were first issued in 1988, and had completely replaced the old paper bank notes by 1996.
Get your Australian currency from us
We make it easy to get Australian dollars for your holiday:
Order online or in your local Post Office branch, up to five days in advance – minimum order value of £400 applies online