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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 ).
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.
In 2016, the Australian dollar was the fifth most traded currency in world foreign exchange markets, accounting for 6.9% of the world's daily share (down from 8.6% in 2013) [64] behind the United States dollar, the euro, the Japanese yen and the pound sterling. The Australian dollar is popular with currency traders, because of the comparatively ...
Currency quotations use the abbreviations for currencies that are prescribed by the International Organization for Standardization (ISO) in standard ISO 4217.The major currencies and their designation in the foreign exchange market are the US dollar (USD), Euro (EUR), Japanese yen (JPY), British pound (GBP), Australian dollar (AUD), Canadian dollar (CAD), and the Swiss franc (CHF).
Hence, the Australian pound maintained its close connection with the pound sterling and when the Second World War broke out in 1939, Australia joined the sterling area which was an emergency wartime measure designed to protect the pound sterling's external value, principally against the US dollar. In 1966, the Australian pound was decimalized ...
Fixed currency Anchor currency Rate (anchor / fixed) Abkhazian apsar: Russian ruble: 0.1 Alderney pound (only coins) [1]: Pound sterling: 1 Aruban florin: U.S. dollar: 1.79
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Australian dollar: AUD Australia and its territories: 1966 Australian pound 1910–1966 Pound sterling 1825–1910 Bahamian dollar: BSD Bahamas: 1966 Bahamian pound: Barbadian dollar: BBD Barbados: 1972 Eastern Caribbean dollar: Belize dollar: BZD Belize: 1973 British Honduran dollar Bermudian dollar: BMD Bermuda: 1970 Pound sterling: Brunei ...
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