To find the most up-to-the-minute exchange rate, go to XE.com Currency Converter.

Consider this as you plan your Aussie vacation:

1 Fosters beer = $5
1 pair of flip flops = $10
1 souvenir boomerang = $10
1 Aussie cork hat (to keep away the flies) = $12
2-hour surfing lesson on the Gold Coast = $50
Average room prices = you’ll pay around $40 for cheap accommodation, $80 - $150 for something mid-range, and $180 and upward if you’re going all out.
Average meal prices = $5 for a cheap dish, $15 at a mid-range restaurant, and $25 and upward if you go somewhere swanky.

These prices are in Australian dollars, are correct as of 01/28/09 and are subject to change.

Tipping

Tipping isn’t essential in Australia, but if you’ve experienced great service in a restaurant, then 10% seems to be the usual figure. Australians only tend to tip in expensive restaurants. Note: tips are often pooled and shared between all staff.

You’re also not expected to tip in bars and taxis but many people will leave some coins on the bar after picking up their drink, or tell the cabbie to keep the change.

Banking

Banks are generally open 9 a.m. to 4 p.m., Monday through Thursday and from 9 p.m. to 5 p.m. on Fridays. In some states, selected branches are open on Saturday morning. American Express, Bankcard, Diners Club, MasterCard and Visa are accepted in Australia.