<P> The Australian pound , introduced in 1910 and officially distinct in value from the pound sterling since devaluation in 1931 , was replaced by the dollar on 14 February 1966 . The rate of conversion for the new decimal currency was two dollars per Australian pound , or ten Australian shillings per dollar . The exchange rate was pegged to the pound sterling at a rate of $1 = 8 shillings ( $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 . It maintained its peg to the US dollar at the rate of A $1 = US $1.12 . </P>
<P> The Australian pound , introduced in 1910 and officially distinct in value from the pound sterling since devaluation in 1931 , was replaced by the dollar on 14 February 1966 . The rate of conversion for the new decimal currency was two dollars per Australian pound , or ten Australian shillings per dollar . The exchange rate was pegged to the pound sterling at a rate of $1 = 8 shillings ( $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 . It maintained its peg to the US dollar at the rate of A $1 = US $1.12 . </P>
when did australia go from pounds to dollars
when did australia go from pounds to dollars
14 February 1966
14 February 1966