Australian Dollar to Ni-Vanuatu Vatu — exchange rate

Country of Circulation: Australia, Ashmore and Cartier Islands, Australian Antarctic Territory, Christmas Island and others

Currency Code, Symbol: AUD, AU$

Denominations of coins in circulation: 5c, 10c, 20c, 50c, $1, $2

Denominations of banknotes in circulation: $5, $10, $20, $50, $100

History: The Australian dollar (symbol: $ ,code: AUD, number 036) is the currency of the Commonwealth of Australia. It is used not only on the territory of Australia, but also on the adjacent islands: Cocos Islands, Norfolk, and Christmas Islands. $ is identified as AUD or by the classic dollar sign on the global financial market.One AUD is 100 cents. It has come into action in 1966, replacing the Australian pound. Since the late 80s, banknotes have been being made from special flexible plastic instead of paper. It makes money last longer in humid Australian climate. Interestingly, all banknotes have the same height, but are different in length. On the notes you can find portraits of historical and political figures, important buildings and objects. Australia also regularly issues commemorative coins worth 50 cents.Read More

Country of Circulation: Vanuatu

Currency Code, Symbol: VUV, VT

Denominations of coins in circulation: 1VT, 2VT, 5VT, 10VT, 20VT, 50VT, 100VT

Denominations of banknotes in circulation: 200VT, 500VT, 1,000VT, 2,000VT, 5,000VT, 10,000VT

History: The vatu (Vt) is the national currency of a republic in Melanesia called Vanuatu. In currency exchange and on the international market, the currency is known as VUV. The currency does not have any coinage.The state issues only small coins worth a few vatu. VUV has first been issued in 1982. It has replaced the New Hebrides franc that had lasted for some time. Since 2011, the country has stopped issuing coins worth 1 and 2 vatu, but they remain legal in use. The name translates as “a rock”. It is likely that it was chosen due to sounding similar to the country’s name.Read More