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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.
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).
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.
He conservatively estimates that at least 5,000 kilograms (11,000 pounds) of equipment traveled with the 82 horses this year, ranging from riding tack to food, and even their own water supply for ...
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 ).
The currency of Australia was decimalised, and the Australian dollar was introduced, while the Australian pound would be phased out over two years under the auspices of the Decimal Currency Board. Pound notes were replaced by two-dollar bills, ten-shilling notes by one-dollar notes, and the shilling itself (12 pence) exchanged for a ten-cent piece.
From January 2008 to May 2009, if you bought shares in companies when John L. Clendenin joined the board, and sold them when he left, you would have a -3.9 percent return on your investment, compared to a -38.2 percent return from the S&P 500.
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 ...