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If you are moving to Australia to study, then you are probably looking to understand the currency system and looking into finding a bank. In this article, we’re going to explore several topics of interest that are related to money and banking. We hope that this information will be helpful to you as you become adjusted to living and studying in Australia. Currency The currency of Australia is the Australian dollar (AUD). The dollar is made up of 100 cents, much like the American dollar. There are 5c, 10c, 20c, 50c, $1, and $2 coins that the government uses for smaller forms of currency. If you are looking at bills, there are $5, $10, $20, $50, and $100 notes. There are other notes that may be used by the Treasury, but none of these notes are used by individuals. One thing that you will notice when you to Australia is that some items are marked for purchase with single cent values, even though they do not have a “one cent” coin available to consumers. If that happens, then you will notice that the item’s value is rounded to the nearest 5c value. For example, if you are purchasing an item that is $10.32, you will pay $10.30 for that item.