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  • As per RBI norms, the GST is applicable as per travellers.
  • This amount is calculated considering one traveller. You can further add/edit travellers in preconfirmation page which can impact the total amount.
  • You may block foreign currency by paying 2% of total transaction value. This blocked rate will be valid for 2 working days.
  • Disclaimer Note for TCS
    (i) Tax Collection at Source (TCS) at the rate of 0.5% or 5% as applicable will be levied under section 206C(1G)(b) of the Income Tax Act on remittance on account of Education purpose or Medical purpose, if the aggregate amount exceeds Rs.7,00,000 in a financial year under the Liberalized Remittance Scheme of the Reserve Bank of India.
    (ii) Tax Collection at Source (TCS) at the rate of 20% will be levied under section 206C(1G)(b) of the Income Tax Act on all other remittances not covered in (i) above without any threshold limit in a financial year under the Liberalised Remittance Scheme of the Reserve Bank of India.The TCS collected will be reflected in the 26AS of the payer for claiming Income Tax credit.
  • Disclaimer Note for non-refund of TCS
    In the event of cancellation of services and refund of amount, Tax collected at source under section 206C(1G) of the Income Tax Act, 1961 shall not be refunded. The non-refunded TCS will be reflected in the 26AS of the payer for claiming Income Tax credit.
  • Disclaimer Note for TCS
    (i) Tax Collection at Source (TCS) at the rate of 0.5% or 5% as applicable will be levied under section 206C(1G)(b) of the Income Tax Act on remittance on account of Education purpose or Medical purpose, if the aggregate amount exceeds Rs.7,00,000 in a financial year under the Liberalized Remittance Scheme of the Reserve Bank of India.
    (ii) Tax Collection at Source (TCS) at the rate of 20% will be levied under section 206C(1G)(b) of the Income Tax Act on all other remittances not covered in (i) above, if the aggregate amount exceeds Rs.7,00,000 in a financial year under the Liberalized Remittance Scheme of the Reserve Bank of India.
    The TCS collected will be reflected in the 26AS of the payer for claiming Income Tax credit.
  • Disclaimer Note for non-refund of TCS
    In the event of cancellation of services and refund of amount, Tax collected at source under section 206C (1G) of the Income Tax Act, 1961 shall not be refunded. The non-refunded TCS will be reflected in the 26AS of the payer for claiming Income Tax credit.
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Australian Dollar (AUD) - Currency of Australia

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Buy, Sell or Transfer Australian Dollar (AUD) in India at the best exchange rates

About Australian Dollar (AUD)

The official currency of the Commonwealth of Australia, the Australian Dollar, is said to be one of the most colorful currencies of the world. The Australian currency holds the 5th position amongst the world’s most traded currencies. Australia was the real inventor of ‘Plastic Money’. Back in 1988, to fight counterfeiting, the country decided to use polymer instead of papers for their banknotes. 100 cents make one Australian Dollar.

Something Facts That We Bet You Did Know About The Australian Currency:

    1. The short name for the Australian Dollar is AUD currency.
    2. The most frequently used coins are A$1, A$2, 5C, 10C, 20C, and 50C.
    3. The Australian coins feature the platypus and echidna, the two unique mammals which lay eggs.
    4. Although its officially called the Australian Dollar, locals prefer calling their currency ‘Aussie’
    5. The most commonly used banknotes include A$5, A$10, A$20, A$50, and A$100.
    6. States that accept the AUD currency as a part of their legal tender include Norfolk Island, McDonald Island,Heard Island, Coral Sea Island, amongst others.

History of Aus Dollar

The Australian dollar, AUD, is the official currency of Australia and is widely recognised around the world as an important currency in the global financial system. Its history dates back to the early 1800s when Australia was still a British colony.

In the early years of the Australian currency system, there was a lack of uniformity and standardisation. Various British coins were used for transactions, which led to confusion and inconvenience for merchants who had to deal with a wide range of denominations and values. To address this issue, the British government introduced the Australian pound in 1910, which brought greater stability and uniformity to the country's currency system.

The Australian pound was pegged to the Great Britain pound and was divided into 20 shillings, each consisting of 12 pence. However, the Australian pound was not without its problems. In the 1930s, Australia was hit hard by the Great Depression, leading to a decline in the country's economic output and a devaluation of the pound. To stabilise the currency, the government pegged the pound to the US dollar in 1966.

The peg to the US dollar remained in place until the 1970s when the Australian government decided to float the currency. This meant that the value of the AUD was determined by the market forces of supply and demand, rather than being fixed to the price of another currency. The floating of the AUD led to significant fluctuations in its value, as the currency was subject to changes in global economic conditions and market sentiment.

In the early 2000s, the AUD experienced a period of strength as demand for Australian commodities, such as iron ore and coal, soared. This led to a surge in the value of the AUD, which reached parity with the US dollar for the first time in decades. However, the AUD also faced challenges, such as the impact of the global financial crisis of 2008, which caused the AUD to fall sharply against other major currencies.

Despite these challenges, the AUD has remained an important currency in the global financial system, due to its role as a major commodity currency and its popularity among investors and traders.

Factors Affecting Aus Dollar Currency

The value of the Australian dollar is subject to changes due to various factors, including the following:

1. Interest rate differentials

The difference in interest rates is one of the main factors influencing changes in the value of the AUD. When a country's assets are preferred by an investor over those of another, this is referred to as the relative benefit. If interest rates are lower in Australia than in other nations, investors may choose to invest in those nations to earn higher returns, which could cause the value of the AUD to decline.

2. Commodity prices

The AUD has a long history of being closely correlated with the values of Australia's main exports of commodities, earning the label "commodity currency." This is because Australia's trading partners must purchase AUDs in order to buy Australian exports, which may have an impact on the value of the currency.

3. Purchasing power parity

According to the concept of purchasing power parity, an exchange rate is said to be in equilibrium when it represents the price difference between a basket of commodities in two different economies. Despite being a not-so-perfect model, it argues that a currency pair should err on the side of its purchasing power parity. The well-known Big Mac Index, which is regarded as a benchmark for the Australian dollar, currently indicates that the AUD is overvalued in comparison to the US dollar.

4. Government credit ratings

The credit rating of the Australian government may have a small effect on the AUD. This is so because Australia's credit rating affects the debt's risk profile, which directly affects the interest rate the government must pay on its debt. An unfavourable credit rating makes it riskier and less appealing to buy a country's debt, which lowers the demand for its currency in general. Although it hasn't been an issue recently, the AUD has in the past seen short-term volatility as a result of situations that threatened Australia's AAA credit rating.

5. Sentiment and speculation

In the international financial markets, the AUD is frequently used as a growth and risk proxy, making it a barometer and trading tool to profit from short-term shifts in perception toward global economic growth and market risk. The Australian economy is quite vulnerable to variations in the level of global economic activity because it is a commodities currency. So, the AUD will often rise when there is a generally upbeat mood in the market, whereas the AUD will frequently decline when there is a general downbeat mood.

Quick Facts About Australian Dollar (AUD)

Currency Name AUSTRALIAN DOLLAR
Short Name AUD
Nicknames AUSSIE, AVOCADO, BLUE SWIMMER, GREY NURSE, HEELER, LOBSTER, MOOLAH, PACIFIC PESO, PEPPERMINT, PIGLET, PINEAPPLE, PINK LADY, PRAWN, TREEFROG, WATERMELON
Symbol (s) $ and A$
Unit 1/100, Cent
Frequently Used Coins A$1, A$2, 5c, 10c, 20c, 50c
Rarely Used Coins
Frequently Used Bank Notes A$5, A$10, A$20, A$50, A$100
Rarely Used Bank Notes
Central Bank, Name & Website Reserve Bank of Australia | www.rba.gov.au
States and Territories that use the Australian Dollar as a part of their legal tender: Ashmore and Cartier Islands, The Australian Antarctic Territory, Christmas Island, Cocos Islands, Coral Sea Islands, Heard Island, Kiribati, McDonald Island, Nauru, Norfolk Island, Tuvalu.

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The Australian Dollar Currency

The Australian Dollar stood as the fifth most traded currency in the world in the year 2016 only after the USD, Euro, Yen and GBP. The currency is generally referred to among people as the Aussie Dollar. One of the most traded currencies in the world, the Australian Dollar is quite popular among traders due to least intervention from the central bank, and consistent stability of the country’s economy and government.
In the year 2015, a tactile feature was announced to be added on the all the new notes, which would include an embossed feature in order to assist the vision impaired with detecting the denomination.

How to avail forex online?
Thomas Cook offers the best-in-market foreign currency exchange rates and empowers you to buy forex from the comfort of your home. Whether you want to know the current 1 INR to AUD rate or want to know the best deals on tour packages, you can do it all on the Thomas Cook website.

Here are simple steps to convert your leftover Australian Dollars to INR online: If you wish, you can visit the nearest Thomas Cook branch and our experts will be available to assist you, ensuring a seamless offline transaction.

If you still have questions regarding currency rates, speak to our experts now and get the best exchange rate today.

Currency Rate Today

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Frequently Asked Questions

I am soon travelling to Australia. I’m considering buying travellers cheque. Are these a convenient option?
Travellers cheques are nowadays considered outdated in Australia and you might have a hard time finding vendors who would be readily accepting these cheques. Instead, we suggest you go for pre-paid forex cards which are safe, secure and convenient to use at your disposal. You can keep some currency notes too as some emergency cash. However, you may contact our experts for more details and they will assist you as per the understanding of your requisition.
How do I decide the amount of Australian dollars I need to buy for the trip?
This is completely dependent on the nature of your trip. If you are confused about the expenses that you might have to incur while you are on the trip, then please contact our team of experts and they will guide you with the proceedings.
Is there any specific limit to carry Australian Dollars if I am travelling to Australia?
You may carry up to AUD10,000, or foreign currency equivalent, in and out of Australia. However, in case the amount you are carrying exceeds the given limit, then you must declare the same.
I have leftover Australian Dollars from my last trip. What should I do?
If you are to travel to Australia any time soon again, we suggest you keep them for the same, and may buy any additional dollars required. However, in case the trip isn’t happening anytime soon then may log on to our website to find out the available exchange rates, and get in touch with our consultants for any expert advice that you may seek before you sell the Australian dollars.
I have heard that Australian dollar currency notes are made of plastic and therefore quite durable. Is it so?
Yes, the currency notes of Australian dollar are quite colourful too and very durable. Another noteworthy feature that has been recently introduced is the Braille on $5 note.

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