Currency Used on the Sunshine Coast
The official currency in Australia is the Australian dollar. The value of the Australian dollar goes up and down like a yo-yo and in the last few years has been as low as US$0.45 but is now hanging around the US$0.96 mark.
The Australian dollar is divided into 100 cents. Coin denominations are 5c, 10c, 20c, 50c, $1 and $2. Notes are $5, $10, $20, $50 and $100, are colour coded and made from a plastic compound that will survive a wash or a swim.
Even though we no longer have 1 and 2 cent coins in circulation, many shops sell products at odd amounts. However, the law provides that the TOTAL bill is rounded up or down to the nearest 5 cents. So $19.97 becomes $19.95, $19.98 becomes $20.00.
Travellers cheques, especially in foreign currencies, are generally not accepted except by hotels and big stores and tourist shops. These display a `travellers cheques welcome' sign. Cash your cheques at a bank or Bureau de Change to ensure you have enough spending money.
Visit www.xe.com for their Universal Currency Converter or use the handy tool below.