Australian dollar - Wikipedia
Exchange Rate. U.S. Dollars to One Australian Dollar. Source: Board of Governors of the Federal Reserve System (US). EDIT LINE 1; ADD LINE; FORMAT. Convert major foreign currencies to and from Australian dollars using our simple calculator. card, money conversion rates and different ways of sending money overseas. You should contact Westpac for up-to-date pricing prior to dealing. Find the foreign currency exchange rates used for cross border transactions for all processes the transaction which may be different from the transaction date.
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Australian pound - Wikipedia
InAustralia initiated the change to decimal currency. More than submissions were made about the name of the new currency unit. The 'dollar' was eventually chosen as the name, and decimal currency was introduced on 14 February This provided an impetus for the Reserve Bank of Australia to develop new note technologies jointly with the Commonwealth Scientific and Industrial Research Organisation. The note depicted on one side a young male Aboriginal person in body paint, with other elements of Aboriginal culture.
On the reverse side was the ship Supply from the First Fleet, with a background of Sydney Cove, as well as a group of people to illustrate the diverse backgrounds from which Australia has evolved over years.
This note incorporates micro-printed excerpts of Paterson's and Gilmore's work. InAustralia introduced its first polymer bank note and inAustralia became the first country in the world to have a complete series of polymer notes. Australia's notes are printed by Note Printing Australiaa wholly owned subsidiary of the Reserve Bank of Australia.
Many other countries are showing a strong interest in the new technology.
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All Australian coins depict Queen Elizabeth II on the obverse, with different images on the reverse of each coin. Designed by Stuart Devlin The 50 cent coin carries the coat of arms of Australia: It has webbed feet and a duck-like bill that it uses to hunt for food along the bottom of streams and rivers.
Designed by Stuart Devlin The 10 cent coin features a male lyrebird dancing. A clever mimic, the lyrebird inhabits the dense, damp forests of Australia's eastern coast. Designed by Stuart Devlin The 5 cent coin depicts an echidnaor spiny anteater, the world's only other egg-laying mammal.
Inresponsibility for note printing passed to the Reserve Bank of Australia. Monetary policy ensured that the Australian pound was fixed in value to the pound sterling. As such Australia was on the gold standard so long as Britain was. Inthe pound sterling was removed from the gold standard. When it was returned to the gold standard inthe sudden increase in its value imposed by the nominal gold price unleashed crushing deflationary pressures.
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Both the initial inflation and the subsequent deflation had far-reaching economic effects throughout the British EmpireAustralia and the world. Inas an emergency measure during the Great DepressionAustralia left the gold standard, resulting in a devaluation relative to sterling. Currency adding machine c. Since Australia was never occupied, the occupation currency was not used there, but it was used in the captured parts of the then-Australian territories of Papua and New Guinea.
It recommended the date of introduction of the new system to be the second Monday in February, The conversion rate was problematic for the pre-decimal penny since the shilling was divided into twelve pence.