The Australian currency is the Australian Dollars represented as AUD. Compared to the Indian Rupee, 1 AUD trends at close to Rs 50/- (As of July 2016). As of 2011, the Australian dollar is the fifth most traded currency in the world, accounting for 7.6% of the world’s daily share. The currency is commonly referred to by foreign-exchange traders as the “Aussie dollar“.
The Australian currency is made up of dollars and cents, split across notes and coins.
Notes are available in the following denominations – $5, $10, $20, $50 and $100. Coins are available in 5c, 10c, 20c, 50c, $1 and $2. Thanks to their colour the $1 and $2 coins are often referred to as a gold coin.