What is the currency exchange rate for £ 1 CAD/AUD?
It’s helpful to get to know the live CAD/AUD rate so you can easily calculate how much things are costing you while you’re on your trip abroad.The rate you need to focus on is the mid market rate, which is the one banks and major currency services get when buying and selling currencies. This rate isn’t always passed on to customers. Instead you may find that the CAD/AUD rate you get when exchanging travel cash includes a markup - an extra fee.
Find the CAD/AUD mid-market rate from a currency conversion site or a website like this, so you can keep an eye on the market and compare the rates you’re offered as you travel against the mid-market rate easily.
Should I exchange CAD to AUD before traveling to Australia?
Because Australia sees many tourists from the UK every year you might find you’re better off if you exchange your currency when you get to Australia rather than worrying about getting your cash sorted out before you leave.
Get familiar with the exchange rates offered locally to you, and online, so you can decide whether it’s worth switching some funds in advance of travel, using a card to pay while you’re away, or converting cash on arrival. Both in the UK and in Australia, steer clear of exchanging currency at the airport. A captive market means that CAD/AUD rates are often worse in the airport than in city centers.
Tips for exchanging money in Australia
There’s a good network of ATMs across Australia, and card payments are also widely accepted. Always pay in CAD to avoid sneaky extra dynamic currency conversion costs and to make sure your money goes further.
2)Avoid using exchange providers at airports or hotels in Australia as they usually offer pretty poor exchange rates because they have a captive market and little competition nearby
3)Today’s mid market exchange rate for CAD/AUD is 0.67471 - look for this or as close as possible to it when you exchange your travel money
4)Use a travel debit card like the Wise card while you’re in Australia for fast and cheap conversion between currencies and easy ways to manage your money from your phone
Best place to exchange currency in Australia
You can get your AUD in Australia in a couple of ways.
You’ll be able to use a travel debit card from a provider like [wise-affiliate-name-links] to make convenient payments and cash withdrawals and to convert funds online.
Or if you prefer an offline solution you can carry some cash in CAD to exchange when you arrive. Currency exchange providers are often in airports and hotels, although the exchange shops in a city center are likely to be cheaper overall.
How to pay in Australia?
You’ll need to have AUD to spend in Australia. However, generally having a few different payment methods is a good plan. That means that if a merchant won't accept one, you’ve got a back up. It’s also reassuring to know you have a different way to pay if you were unlucky enough to have a card or some travel cash stolen. Here are your key payment options in Australia.
1. Debit or credit card
Card payments can be helpful in shops, restaurants and hotels but there will be places where cash is also important. Order a travel card from a provider like Wise for cheap and fast transactions, including card payments and cash withdrawals as and when you need travel money in AUD.
2. AUD cash
Cash is widely used in Australia, so it’s worth having some with you at all times. You may want to exchange money to AUD before you leave, but it’s also usually convenient to make ATM withdrawals locally once you arrive in Australia.
You’ll usually find you can use a card to make payments in Australia, but carrying some cash in AUD is also reassuring. It’s often easier for tipping and making smaller purchases, plus you’ve got a nice backup if your card is ever out of action for some reason.
It’s a smart idea to have both a card and some cash in AUD when you’re in Australia. Some merchants will prefer cash, but having a card for higher value payments and in busier more tourist places is also convenient. Consider using a travel card from a provider like Wise alongside your cash for flexibility.
Paying for the trip in CAD
If you’re paying for things in Australia with a CAD bank card you might find a foreign transaction fee is added. This pushes up your costs when you spend in a foreign currency, and can be tricky to calculate.
Travel debit cards don’t always work this way. When you make purchases in Australia using the [wise-affiliate-name-links] card you can either choose to convert your account balance to AUD in advance in the Wise app, or just leave your balance in CAD and let the card handle the transaction when you pay. You’ll always get the lowest available fee and there are no extra foreign transaction charges.
Conclusion - Currency in Australia
You won’t be able to pay in CAD when you visit Australia - so learning about the currency you need is essential. Whether you decide to use a travel debit card from a service like [wise-affiliate-name-links], or stock up on AUD in cash in advance, knowing the mid-market exchange rate can help you get the best available deal. Use this guide to learn all you need to know about the options, rates and fees for exchanging CAD to AUD, and make your money go further while you’re away.
The official currency in Australia is AUD. You can’t usually pay in CAD in Australia, so you’ll need to plan in advance to get your travel money sorted. Consider ordering a travel debit card from a service like Wise, for low cost conversions to AUD and convenient spending and withdrawals - and remember that knowing the CAD to AUD mid-market exchange rate is essential to check you’re getting a fair deal on currency exchange.
FAQ - Currency in Australia
What is the currency in Australia called?
The official currency in Australia is the Australian Dollar. You may also see the code AUD and the currency symbol A$.
What's the currency in Canberra?
The official currency in Canberra is the Australian Dollar. You’ll only be able to spend in AUD while you’re there.
What is the old Australia currency?
Today the currency in Australia is the Australian Dollar. If you’re worried about currencies changing, why not get a travel debit card from a service like [wise-affiliate-name-links] which will automatically pick the currency needed in your destination when making a payment - with no penalties or inflated fees.
What is the best currency to take to Australia?
You’ll only be able to spend in AUD while you’re in Australia. Carrying some money in cash and using a travel debit card from a service like [wise-affiliate-name-links] is usually the best way to spend while you’re away from home.
