How much was an Australian pound worth in 1966?
In 1966, the official currency was changed to the Australian dollar (with 100 cents), at a conversion rate of one Australian pound to two Australian dollars.
What was the currency in Australia in 1965?
Australian pound
The Australian pound (symbol £) was the currency of Australia from 1910 until 14 February 1966, when it was replaced by the Australian dollar. As with other £sd currencies, it was subdivided into 20 shillings (symbol s), each of 12 pence (symbol d).
What is a 1966 pound worth today?
United Kingdom inflation – Conversion table
| Initial Value | Equivalent value |
|---|---|
| £1 pound in 1966 | £15.98 pounds today |
| £5 pounds in 1966 | £79.91 pounds today |
| £10 pounds in 1966 | £159.83 pounds today |
| £50 pounds in 1966 | £799.14 pounds today |
How much was money worth in 1966?
$1 in 1966 is equivalent in purchasing power to about $8.47 today, an increase of $7.47 over 55 years. The dollar had an average inflation rate of 3.96% per year between 1966 and today, producing a cumulative price increase of 746.64%. The 1966 inflation rate was 2.86%.
What was the Australian currency before 1966?
Before 1966, Australia had a money system that was based on the imperial (British) pounds, shillings and pence. With 12 pennies in a shilling and 20 shillings in a pound, there was a lot of difficult maths involved in using our money.
What is a 1966 20 cent coin worth?
A genuine wavy 20 has a gentle curve that is paralleled in the water swirl directly above. A high grade example of one of these varieties is worth $3000-$5000 whilst a banged up coin you might find in your change might be worth $100-$200.
What was the currency of Australia in 1966?
1966 AUSTRALIA – FIRST OFFICIAL MINT SET (6) w/ SILVER 50 CENTS – ORIG. RAM CARD 1966 Australia Mint Set with Envelope Nice 20 Cent Toner! 1966 Australian UNC Mint Set In Original RAM Blue card – LOW MINTAGE 77,250! 1966 Australia 20 Cents Lot#Z5080 High Grade!
When did the Australian Mint start making proof coins?
In July 1967 the Royal Australian Mint began testing the proof coin equipment to make the first decimal proof coins after catching up with all the new decimal circulating coin requirements for the country because of decimal changeover in February 1966. After about 4 months of testing the process the Mint was proud of the resulting proof coins.
Why was 1966 an important year in Australian history?
Mint Controller at the time Mr J M Henderson wrote “initially the sets will be dated 1966 -that being an important year in Australian coinage history because of the change to decimal currency, the new coinage denominations and the new designs.”
When did Australia change to a decimal currency?
On Valentine’s Day 1966 Australians woke to a brand-new currency. The decision to change from the Australian pound (with its awkward shillings and pence) to a decimal currency — the Australian dollar — had been a pragmatic, economic one.