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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.
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 ).
A 1933 UK shilling 1956 Elizabeth II UK shilling showing English and Scottish reverses. The shilling is a historical coin, and the name of a unit of modern currencies formerly used in the United Kingdom, Australia, New Zealand, other British Commonwealth countries and Ireland, where they were generally equivalent to 12 pence or one-twentieth of a pound before being phased out during the 1960s ...
After the introduction of Australia's decimal currency on 14 February 1966, the shilling became the equivalent of 10 cents in the new Australian dollar system. To assist in the transition to decimal currency in Australia, the Federal Government launched an advertising campaign to explain to the Australian community how the transition would be ...
The Australian dollar (sign: $; code: AUD; also abbreviated A$ or sometimes AU$ to distinguish it from other dollar-denominated currencies; [2] [3] and also referred to as the dollar or Aussie dollar) is the official currency and legal tender of Australia, including all of its external territories, and three independent sovereign Pacific Island states: Kiribati, Nauru, and Tuvalu.
USD Cent: 100 Tuvalu: Tuvaluan dollar $ (none) Cent: 100 Australian dollar $ AUD Cent: 100 Uganda: Ugandan shilling: Sh or Shs (pl.) UGX (none) (none) Ukraine: Ukrainian hryvnia ₴ UAH Kopeck: 100 United Arab Emirates: United Arab Emirates dirham: Dh or Dhs (pl.) AED Fils: 100 United Kingdom: Sterling £ GBP Penny: 100 United States: United ...
Australian dollar: 0.5 10/– Australian pound: 1966 Bahamian dollar: 0.35 7/– Bahamian pound: 1966 New Zealand dollar: 0.5 10/– New Zealand pound: 1967 Western Samoan tala: 0.5 10/– Western Samoan pound: 1967 Tongan paʻanga: 0.5 10/– Tongan pound: 1967 Zambian kwacha: 0.5 10/– Zambian pound: 1968 Jamaican dollar: 0.5 10/– Jamaican ...
In 1931 gold sovereigns stopped being minted in Australia. A crown or five-shilling coin was minted in 1937 and 1938. Coinage of the Australian pound was replaced by decimalised coins of the Australian dollar on 14 February 1966. The conversion rate was A$2 = A£1.