Does Australia use the US dollar?

The official currency of Australia is the Australian Dollar $. Here we distinguish between the Australian Dollar AU$ and the US Dollar US$. The current currency conversion rate is as follows (as of June 8th, 2019).

How much is $100 US in Australian?

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Conversion rates US Dollar / Australian Dollar
10 USD 13.83800 AUD
20 USD 27.67600 AUD
50 USD 69.19000 AUD
100 USD 138.38000 AUD

Are Australian and US dollars the same?

Currently $1.00 US dollar to the Australian dollar is equivalent to $1.46 AUD. Comparing Australian currency to the United States dollar, $1.00 Australian dollar is equivalent to $0.68 USD.

How much is US $50 in Australia?

Convert US Dollar to Australian Dollar

USD AUD
5 USD 6.90807 AUD
10 USD 13.8161 AUD
25 USD 34.5404 AUD
50 USD 69.0807 AUD

What money does Australia use?

The Kuwaiti dinar (KWD) is often the most valuable foreign currency, and it does not rely on a peg; it is freely floating. Substantial oil production helped augment Kuwait’s wealth and support the value of the Kuwaiti dinar.

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How much is $1 US in Australia?

Convert US Dollar to Australian Dollar

USD AUD
1 USD 1.40732 AUD
5 USD 7.0366 AUD
10 USD 14.0732 AUD
25 USD 35.183 AUD

What is $1000 Australian dollars in US dollars?

Convert Australian Dollar to US Dollar

AUD USD
500 AUD 361.61 USD
1,000 AUD 723.221 USD
5,000 AUD 3,616.1 USD
10,000 AUD 7,232.21 USD

What is $20 USD in Australian dollars?

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Conversion rates US Dollar / Australian Dollar
20 USD 27.70280 AUD
50 USD 69.25700 AUD
100 USD 138.51400 AUD
250 USD 346.28500 AUD

What is $500 Australian in US dollars?

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Conversion rates Australian Dollar / US Dollar
500 AUD 361.60000 USD
1000 AUD 723.20000 USD
2000 AUD 1446.40000 USD
5000 AUD 3616.00000 USD

How much is $6000 Australian dollars in US dollars?

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Using the 30 day high exchange rate of 0.72825, a sum of $6,000 would be worth $4,369.5, while at the 30 day low of 0.6993 it would be worth $4,195.8.

How much is $10000 US in Australian dollars?

Convert US Dollar to Australian Dollar

USD AUD
1,000 USD 1,406.19 AUD
5,000 USD 7,030.93 AUD
10,000 USD 14,061.9 AUD
50,000 USD 70,309.3 AUD

How much is $10 Australian Dollars in US dollars?

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Conversion rates Australian Dollar / US Dollar
10 AUD 7.12500 USD
20 AUD 14.25000 USD
50 AUD 35.62500 USD
100 AUD 71.25000 USD

Why does Australia use dollars?

The decision to change from the Australian pound (with its awkward shillings and pence) to a decimal currency – the Australian dollar – had been a pragmatic, economic one. Yet decimalisation became an opportunity for Australia to assert itself as an increasingly self-assured and forward-thinking country.

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Does Australia have its own currency?

Australia’s national currency is Australian dollars (AUD), which comes in denominations of $5, $10, $20, $50 and $100 notes. Coins come in 5, 10, 20 and 50 cent and one and two dollar denominations.

Is Australian dollar backed by gold?

Banknotes are legal tender under the Reserve Bank Act 1959 and coins are legal tender under the Currency Act 1965 . The system of money, where the currency of a country is not backed by a physical commodity (e.g. gold) but by a directive from a government that makes it legal, is called a ‘Fiat’ system.