Currency

Australian dollar ($)

Daily Costs

Budget: Less than $130

  • Dorm beds or camping: $20–40
  • Cheap meals: $15–20
  • Local live music: $10–20
  • DIY walking tour: free

Midrange: $130–300

  • Hotel room: $130–250
  • Breakfast at a quality cafe: $20–30
  • Tapas and a couple of cocktails: $80–120
  • A live major gig: $70–120

Top End: More than $300

  • Hotel room or luxury guesthouse: $250–400
  • The top restaurant in town: $150–250
  • Tickets to an event or theatre show: $120–250

Bargaining

Haggling is not common in Melbourne or Victoria.

Money

ATMs can be found in most towns, and credit cards are widely accepted.

ATMs & Eftpos

Most bank branches have 24-hour ATMs and will accept debit cards linked to international network systems such as Cirrus, Maestro, Visa and MasterCard. Most banks charge a fee (around $2 or 3%) for the privilege of using their ATM if you don’t have an account with them.

Almost all retail outlets have Eftpos, which allows you to pay for purchases electronically without a fee.

Cash

The Australian dollar is made up of 100 cents. There are 5¢, 10¢, 20¢, 50¢, $1 and $2 coins, and $5, $10, $20, $50 and $100 notes.

Changing Money

Change foreign currency at most larger banks or foreign-exchange booths in the city and at Melbourne Airport’s international terminal. Most large hotels will also change currency (or travellers cheques) for guests, but the rate might not be as good as from other outlets.

Credit Cards

The most commonly accepted credit cards are Visa and MasterCard, and to a lesser extent American Express and Diners Club.

Exchange Rates

CanadaC$1A$0.98
Europe€1A$1.38
Japan¥100A$1.15
New ZealandNZ$1A$0.93
UK£1A$1.61
USUS$1A$1.30

For current exchange rates, see www.xe.com.

Tipping

Tipping isn’t obligatory in Australia and you'll rarely be made to feel uncomfortable if you don't do so. That said, tips are always appreciated, especially where the service has been notable, in which case 5% to 10% is ample in restaurants. For hotel porters, $5 should suffice. Tipping is less common in regional or country towns in Victoria, although a little rounding up never goes astray.