Australian Currency/Money:
Australia uses a decimal currency system of dollars and cents. For example: 1 Australian dollar equals 100 Australian cents.
Art students will also like that Australian currency is quite unique in that the cash notes are plastic and very colourful. Read on...
Australian Currency/Money:
To know how much money you will receive when converting your currency to Australian dollars see the Currency Exchange Rates, you can also locate TravelEx stores to exchange Currency when you are in Australia.
How to access money?
Credit Cards and Debit Cards are accepted virtually everywhere to make purchases or to get cash out. Such transactions are made via "Eftpos" which is a simple system that almost all shops & stores are equipped with. However be aware than a foreign a currency conversion fee, and possibly an ATM fee may also be debited from your account so to reduce costs to you, we recommend you open a Student Bank Account in Australia.
How much do things cost?
Well food wise a Big Mac at Macdonalds costs around $5 a Donar Kebab around $8 and a Large Pizza, around $16. A bottle of coke costs around $3. Renting student accommodation can vary from $100/$150 a week, to $220 per week. - Prices current as of 2009 / 2010.
Opening a student bank account:
If you are going to be studying in Australia for any extended period of time, it is worthwhile opening a student bank account. It will actually save you money! For more information see: Student Bank Accounts.
More banking info for students:
We recommend you read: Australian Banking, Student Loans or Student Credit Cards.
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