What do you need to know about Australian money before you move there? Well, for starters, in Australia the currency is Dollars, with a hundred cents to the Dollar.
It’s also known as the ‘Aussie’ to locals and comes in a range of colourful polymer notes.
But knowing you get 100 cents for your Dollars doesn’t really tell you how much money you’ll have to spend once you’ve transferred your native currency abroad.
If you want to get an idea of what your purchasing power will be like once you’ve moved to Australia, you need to get your head around exchange rates and how they work.
Exchange rates are always moving, shifting on a daily (or even hourly) basis, and the exchange rate you secure for your transfer can make a massive difference to how much you receive.