At the time of Australia's conversion to decimal currency in 1966, an Australian Two Shillings (Florin) converted to an Australian 20 cents.
At that time, Two Shillings Australian was equivalent to Two Shillings British.
Shillings are more like cents. There are 20 shillings in a pound, just like there are 100 cents in a dollar. This way, shillings are more like cents.
1 pound = 20 shillings or 240 pennies 5 shillings = 60 pennies1 British pound = 1.56557628 Canadian Dollars as of April 9, 20111.56557628 divided by 20 x 5 = 0.39139075 shillings = 0.39 cents in Canadian DollarsFive shillings equals 60 USD cents, and 20 shillings equals 1 GBP. USD means United States Dollar, while GBP means Great Britain Pound. One shilling equals 12 pennies.
There were 20 shillings in the British pound, so 2 pounds was 40 shillings.
There were 20 Shillings in the British Pound every year, including 1910.
Australia's currency is the Australian Dollar (AUD). There are 100 cents in the Australian Dollar. Australia adopted this currency on the 14th of February, 1966. Its value is heavily influenced by commodity prices with traditionally high interest rates a factor. The symbol for the Australian Dollar is $ (sometimes written as "A$" when used internationally). From 1910 to 1966, Australia used a monetary system system identical to the old British system of Pounds, Shillings and Pence. 12 Pence to a Shilling, 20 Shillings to a Pound.
20 cents
It depends on which currency you are using. In British coinage there were 20 shillings to the pound. Do the maths
Australia has a decimal currency system of 100 cents to the Australian Dollar (AUD). Banknotes include $100, $50, $20, 10 and $5. Coins include $2, $1, 50 cents, 20 cents, 10 cents and 5 cents.
The British currency consisted of Pounds, Shillings and Pence for hundreds of years until 1971. There were 20 Shillings in a Pound, and 12 Pennies in a Shilling.
Britain used Pounds, Shillings and Pence as their currency for many years. There were 12 Pence to the Shilling and 20 Shillings to the Pound. Many British Colonies and countries of the British Empire/Commonwealth also used Pounds, Shillings and Pence.
Australia has not used the old pound-shilling-pence system since the 1960s. Your coins may be worth more as collectibles than their tiny exchange rate of about 5 cents. Please post a new question with their dates.
Australian decimal currency was introduced on the 14th of February, 1966. It is based on 100 cents = 1 Dollar. The system it replaced was based on the old British monetary system of Pounds, Shillings and Pence. 12 pence = 1 shilling, 20 shillings = 1 pound. The old Australian currency included the Halfpenny, Penny, Threepence, Sixpence, Shilling and the Florin (Two Shillings) coins and, the Ten Shilling, One Pound, Five Pound and Ten Pound notes. In 1966, the new currency included the 1 cent, 2 cent, 5 cent, 10 cent, 20 cent and 50 cent coins and, the One Dollar, Two Dollar, Ten Dollar and Twenty Dollar notes.