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  2. Australian pound - Wikipedia

    en.wikipedia.org/wiki/Australian_pound

    The pound (sign: £, £A [1] for distinction) was the currency of Australia from 1910 until 14 February 1966, when it was replaced by the Australian dollar. Like other £sd currencies, it was subdivided into 20 shillings (denoted by the symbol s or /– ), each of 12 pence (denoted by the symbol d ).

  3. Australian dollar - Wikipedia

    en.wikipedia.org/wiki/Australian_dollar

    The Australian pound (A£) was introduced in 1910, at par with the pound sterling (A£1 = UK£1). Like the UK pound, it was divided into 240 pence, or 20 shillings (each comprising 12 pence). In December 1931, the Australian currency was devalued by 25%, so that one pound five shillings Australian was equivalent to one pound sterling. [18]

  4. History of Australian currency - Wikipedia

    en.wikipedia.org/wiki/History_of_Australian_currency

    When Australia was part of the fixed-exchange sterling area, the exchange rate of the Australian dollar was fixed to the pound sterling at a rate of A$1 = 8 U.K. shillings (A$2.50 = UK£1). In 1967, Australia effectively left the sterling area, when the pound sterling was devalued against the US dollar and the Australian dollar did not follow.

  5. Currency - Wikipedia

    en.wikipedia.org/wiki/Currency

    A currency [a] is a standardization of money in any form, in use or circulation as a medium of exchange, for example banknotes and coins. [1] [2] A more general definition is that a currency is a system of money in common use within a specific environment over time, especially for people in a nation state. [3]

  6. £sd - Wikipedia

    en.wikipedia.org/wiki/£SD

    The British pound sterling and Irish pound were among the last to be decimalised, on 15 February 1971. In places where £sd was used, there were several approaches to decimalisation: The pound remained the base unit (in Malta, using the Maltese name "lira"), but was subdivided into new fractional units of 1 ⁄ 100 of a pound.

  7. Exchange rate - Wikipedia

    en.wikipedia.org/wiki/Exchange_rate

    For example, in a conversion from EUR to AUD, EUR is the fixed currency, AUD is the variable currency and the exchange rate indicates how many Australian dollars would be paid or received for 1 euro. In some areas of Europe and in the retail market in the United Kingdom , EUR and GBP are reversed so that GBP is quoted as the fixed currency to ...

  8. Reserve currency - Wikipedia

    en.wikipedia.org/wiki/Reserve_currency

    The United Kingdom's pound sterling was the primary reserve currency of much of the world in the 19th century and first half of the 20th century. [1] However, by the middle of the 20th century, the United States dollar had become the world's dominant reserve currency. [2] Worldwide use of the US dollar:

  9. Decimalisation - Wikipedia

    en.wikipedia.org/wiki/Decimalisation

    Decimalisation or decimalization (see spelling differences) is the conversion of a system of currency or of weights and measures to units related by powers of 10.. Most countries have decimalised their currencies, converting them from non-decimal sub-units to a decimal system, with one basic currency unit and sub-units that are valued relative to the basic unit by a power of 10, most commonly ...