Country Guides Tuvalu Currency

Currency in Tuvalu: AUD Send & Spend FX Guide

Resources for Expats, Travelers, and Entrepreneurs Navigating Life and Trade in Tuvalu with the Australian dollar.

Things to know about the Australian dollar

The Australian dollar is the fifth most traded currency in the world. Here are a few things to know about the AUD:

1. The symbol for the AUD is $ and it is abbreviated as "AUD" or "A$" to distinguish it from other currencies with the same symbol.

2. The currency is commonly referred to by foreign-exchange traders as the "Aussie dollar".

3. The AUD is a freely floating currency, meaning that its value is determined by the market forces of supply and demand.

4. The Reserve Bank of Australia (RBA) is responsible for the monetary policy of the AUD and sets the official interest rate, which impacts the value of the currency.

5. The AUD is a commodity currency, meaning that it is influenced by the prices of Australia's commodity exports, such as iron ore, coal, and gold.

6. Australia has a strong and stable economy, which makes the AUD a popular choice for investors.

7. The AUD is used as a benchmark currency in the South Pacific region and is also used as a reserve currency by some central banks.

8. The AUD is accepted as a form of payment in a number of countries around the world, including Fiji, Kiribati, Nauru, Tuvalu, and Vanuatu.

9. The AUD historically has a relatively high interest rate compared to other major currencies, which can make it an attractive investment option for some investors.

Australians are more focussed on their currency exchange rate than are the citizens of most other countries, along with perhaps the British and Canadians. This is may be due to the open and trading nature of the Australian economy and also due to their love of 'overseas' travel.

The Australian dollar banknotes and coins

The physical currency consists of coins and banknotes. The coins come in denominations of 5 cents, 10 cents, 20 cents, 50 cents, and $1 and $2. The banknotes come in denominations of $5, $10, $20, $50, and $100.

The banknotes feature images of famous Australian historical figures, such as Edith Cowan, David Unaipon, and Mary Reibey. The design of the currency is constantly being updated, so the physical appearance of the coins and banknotes may vary slightly over time.

Travel money for Tuvalu

Using Wise for Australian dollar travel money is a smart choice for savvy travelers. With its competitive exchange rates and low fees, Wise allows you to convert and manage multiple currencies effortlessly.

Be careful when using your own bank's Debit/Credit Card, as your bank may also charge an extra 3% as an “Overseas Transaction Charge” plus “Overseas ATM” fees for withdrawing cash on top of the standard Visa/Mastercard 2.5% from market mid-rate.

For card purchases, if you are offered a choice of currencies always select to Pay in Australian dollar otherwise you will typically get much worst dynamic currency conversion (DCC) exchange rates.

If you really want Australian dollar cash before departure, you can save money by ordering online. You generally get better rates and can pick up the AUD cash locally or even on travel day at the airport.

 

 

Tuvalu: Travel Guide

Traveling to Tuvalu requires careful financial planning to ensure a smooth and cost-effective experience. Here's a comprehensive guide to help you navigate currency considerations and manage your money effectively during your visit.

Tuvalu is one of the world’s most remote and off-the-beaten-path destinations. This tiny island nation in the Pacific Ocean lies just south of the Equator, west of the International Date Line, and two hours by air north of Fiji. A member of the Commonwealth, Tuvalu consists of nine islands and atolls, with Funafuti being the main atoll and home to the country’s only airstrip. Visitors are welcomed with a free 30-day tourist visa on arrival, and there’s no departure tax.

Currency in Tuvalu

Tuvalu uses the Australian dollar (AUD), supplemented by unique Tuvaluan coins featuring Queen Elizabeth II and local marine life. There are no ATMs, and credit cards are not accepted, even at hotels and guesthouses, so bring plenty of cash.

Getting Around in Tuvalu

• Funafuti (Fongafale): The best way to explore the main island is by renting a motorbike for $10 per day or hitching a ride. Helmets aren’t available, but with slow speeds and minimal traffic, it’s a safe way to get around.

• Outer Islands: Accessible only by passenger ferry from Funafuti, trips can be long, often overnight or multi-day journeys. Plan accordingly.

Language and Communication

Most Tuvaluans speak English, and signs are in English, but locals may be shy about using it. Learning a few words of Tuvaluan can help break the ice:

• Talofa: Hello

• Fafetai: Thank you

• Fetaui: See you later

Tuvalu’s isolation and simplicity make it a truly unique destination, perfect for travelers seeking a peaceful escape and authentic cultural experiences.