Austria Currency. Austria is one of the member countries of European union and for trading within European countries Euro is used as Austria currency. Austria currency is basically a form of money, which includes coins, paper notes, and is issued by the Austrian government. Austria currency is used as a medium of exchange for doing any trading activities. Impact of Austria currency in the market of economy. Austria maintains a stable and well built up economy and Austria currency plays a big role for the growth of their economical structure. Austrian schilling (ATS) and Euro(EUR) are the two types used as Austria currency.