A British Shilling (pre-decimal) isn't directly convertible to Australian Dollars (AUD) today, but historically, 1 Shilling (1/-) was 1/10th of a Pound (£1), and when Australia decimalized in 1966, 1 Shilling equalled 10 Cents (10¢), meaning it was worth roughly $0.10 AUD, though inflation makes direct comparisons difficult; you need to use the current exchange rate for modern Pounds (£) to AUD, like £1 ≈ $2.00 AUD, and then divide by 20 for shillings.
£ 1 GBP = $ 2.0049 AUD
Last updated Friday, 9 January 2026 19:59. Rates shown are interbank rates. eurochange rates will differ.
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.
Using inflation, 5 shillings (25p) is a little more than £20 in today's values, but measured by the increase in average earnings it's more like £112 - slightly more than the current Basic state pension of £102.15 without the earnings related bits that may get added.
So you can see that 10 cents, which is one-tenth of a dollar, will be worth one shilling, which is one-tenth of ten shillings. And sixpence, which is half of one shilling, will be worth 5 cents, which is half of ten cents.
Lebanese pounds
The Lebanese pound (LBP) is the world's weakest currency, and has been at or near the top of this list for a few years. This is mainly because of high inflation and a depressed economy, as well as political instability. The country has also been suffering from a banking crisis since 2019.
One shilling was divided into 12 pennies. One penny was divided into two halfpennies, or four farthings.
The shilling prior to 1920 contains 0.1682 oz of silver, and this gives a bullion value of about £2.22 or US$2.78. Shillings from the period 1920 to 1946 contain 0.0909 oz of silver and thus have a bullion value of £1.20 or US$1.50.
A shilling isn't a current circulating coin but a historical unit (1/20th of a pound), so its modern value depends on its country (UK, Australia, etc.) and whether you mean face value, bullion, or inflation-adjusted worth; for instance, a UK shilling equals 5 new pence, but its silver content (pre-1920) makes it worth more, while an Australian shilling is 10 cents, but collectable coins have varying numismatic value.
Latest Currency Exchange Rates: 1 Kenyan Shilling = 0.0078 US Dollar. On this page convert KES to USD using live currency rates as of 10/01/2026 12:37. Includes a live currency converter, handy conversion table, last 7 days exchange rate history and some live Kenyan Shillings to Dollars charts. Invert these currencies?
An Australian shilling's value varies greatly, from its 10-cent decimal equivalent for common coins to thousands of dollars for rare, high-grade, or error coins, depending on year (pre-1966), condition, silver content (pre-1947 silver, later cupronickel), and specific rarities like the 1919 Pattern Shilling, which sold for over $75,000.
An unworn florin dated prior to 1920 contains 0.3364 oz of silver, and this gives a bullion value of about £12.87 or US$16.87. Florins from the period 1920 to 1946 contain 0.1818 oz of silver and thus have a bullion value of £6.96 or US$9.12.
The shilling is a historical coin, and the name of a unit of modern currencies formerly used in the United Kingdom, Australia, New Zealand, other British Commonwealth countries and Ireland, where they were generally equivalent to 12 pence or one-twentieth of a pound before being phased out during the 1960s and 1970s.
In 1966, before Australia's decimalisation on February 14th, an Australian Pound (£) was the currency, equivalent to 20 shillings or 240 pence, and upon the switch to dollars, one pound became two Australian dollars ($A2), meaning a shilling was worth ten cents.
The shilling, informally called a "bob", was a type of silver coinage issued by the Commonwealth of Australia, that circulated prior to the decimalisation of Australian coinage.