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14 February 1966 - with an introductory rate of two dollars to the pound.
There was no Australian Dollar until 1966, long after the "early settlement". At the time of currency changeover from Pounds to Dollars, the Australian One Pound note converted to the Australian Two Dollar note.
AUDGBP is the term used for the comparison between the Australian dollar to the British Pound Sterling. Currently the Australian dollar stands at 0.61 British Pound Sterling.
The original Australian Pound was introduced in 1910. On the 14th of February, 1966 however, the Australian Dollar replaced the Pound. It is now the fifth highest traded currency in the world.
Yes, you are able to convert English money to Australian money.
1.00 dollars
1 Australian dollar = 0.643312512 British pounds so there is just under 70 pence in 1 australian dollar
1. British Pound 2. Euro 3. Canadian Dollar 4. US Dollar 4. Australian Dollar *the Australian Dollar and US Dollar are currently worth the same*
1.58 AUD
The image of "One Pound Jimmy" on the reverse of the Australian Two Dollar coin was taken from an etching by Ainslie Roberts. The Royal Australian Mint advises that the image does not depict any particular individual, living or dead.
Australia did not have its own currency in 1907. The Australian Five Pound note was first issued in 1914. The Australian Five Dollar note was first issued in 1967.
There is no such thing as the British dollar. The British currency is the pound (symbol '£'), divided into 100 pence.