Money converter australian to pounds

For periods after , use our decimal inflation calculator. The results produced by the Inflation Calculator are intended as guides only and should not be regarded as 'official' Reserve Bank calculations. While every effort has been made by the Bank to ensure that the data and formulae used to generate the results are accurate, the Bank accepts no liability or responsibility for the accuracy or completeness of the resulting calculations and recommends that users exercise their own care and judgment with respect to the Inflation Calculator's use.

The Australian currency was decimalised on 14 February Prior to decimalisation, currency was in the form of pounds, shillings and pence. One pound was equal to 20 shillings, one shilling was equal to 12 pence, and so one pound was equal to pence.

Also, one guinea was equivalent to 21 shillings. For details of the precise conversion of pence to cents please refer to the Australian Bureau of Statistics , 'Special Article - Decimal Currency', Year Book of the Commonwealth of Australia, cat no Xe Live Exchange Rates Inverse.

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