Australian pound became $1 and 1s became 10c. The conversion rate was problematic for the pre-decimal penny since the shilling was divided into twelve pence. An exchange rate of $2.40:£1 would have allowed for accurate conversion down to the penny, with one penny becoming one cent; however, the Government thought it more important that the new currency unit be more valuable than the United States dollar which it would not have been under a 2.4:1 ratio. Amounts less than a shilling were converted as follows: In 1855, gold full and half sovereigns (worth respectively one pound sterling and ten shillings) were first
Pound sign a reasonable approximation could be made by typing an "f" over an "L". In the punched card era, equipment sold for commercial data processing in the UK needed not only to represent the pound sign, but also to handle pre-decimal currency (pounds, shillings, and pence, including halfpennies and farthings). On Microsoft Windows, Linux and Unix, the UK keyboard layout has the "£" symbol on the 3 number key and is typed using: On a US-International keyboard in Windows, the "£" can be entered using: On a US-International keyboard in Linux and Unix, the "£" can be entered using: In Windows,