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The cost of one Euro in Australian Dollar. Prior to 1983, Australia maintained a fixed exchange rate. The Australian pound was initially at par from 1910 with the British pound or A£1 = UK£1; from 1931 it was devalued to A£1 = 16s sterling. This reflected its historical ties as well as a view about the stability in value of the British pound.
2.3 Australian dollar as legal tender. 2.4 Swiss franc as legal tender. 3 Currency board. ... Toggle Pegged exchange rate within horizontal bands subsection.
This is a list of circulating fixed exchange rate currencies, ... Australian dollar: 1 Lebanese pound: U.S. dollar: 89500 Lesotho loti: South African rand: 1 Macanese ...
Australian dollar $ AUD Cent: 100 ... (fixed exchange rate) currencies, there are only 130 currencies that are independent or pegged to a currency basket ...
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).
There is a market convention that rules the notation used to communicate the fixed and variable currencies in a quotation. For example, in a conversion from EUR to AUD, EUR is the fixed currency, AUD is the variable currency and the exchange rate indicates how many Australian dollars would be paid or received for 1 euro.
The dollar weakened against major currencies and was last down 0.25% at 150.23 yen. The euro was a touch firmer at $1.0521, while sterling was up 0.1% at $1.2716.
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.