Australia uses a decimal based currency of which the dollar is the basic unit. The dollar currency is issued as a gold coin. There is also a two dollar gold coin but no such paper note is issued.

All currency less than one dollar is issued as coins, ranging downward from fifty cents, twenty cents, ten and five cent pieces respectively. Above two dollars all currency is issued in the form of paper notes, ranging upwards from five dollars, ten dollars, twenty dollars, fifty dollars and one hundred dollar notes.

Currently the Australian dollar is at the highest level against the US dollar, and most other currencies, than it has been for some time, ranging around the high eighties and even slightly over ninety cents US to the Australian dollar. Goods imported from the USA and many other places are presently less costly than in previous years, but, as always currency values do fluctuate from time to time. The main reasons for the relatively high value of the Australian currency to the US is because of the major boom in mining and mineral resources, as well as the continuing high economic levels being enjoyed as a result of this, along with the very high levels of employment, which is the reason why Australia is seeking and encouraging skilled workers to come to this country as migrants, to work and live as well as fill the great number of jobs that have been and still are vacant in most industries and areas.

For further information about the value of the Australia dollar, against most other currencies, including Trinidad & Tobago and other Caribbean countries, please click here.