Eucalyptus fraxinoides is also known as the white ash eucalyptus due to its bark resembling the appearance of the ash tree. It is commonly referred to as the silver dollar tree as its leaves have a silver-gray tint and are circular in shape. The tree is also named the white gum due to its pale bark. In Tasmania, it is named the black gum due to its darker bark. The tree is also called the hiking eucalyptus as it is commonly found on hiking trails across Australia. Other synonyms for Eucalyptus fraxinoides include forest peppermint and mountain gum.