It contains several calculators, and an explanatory essay on the complexities of measuring worth. The Reserve Bank of Australia also has an inflation calculator which is easy to use and calculates the change in the value of Australian currency.Ī website which goes into more detail on the issue is Measuring Worth. Each calculation method produces widely varying results. You can convert figures according to average earnings, GDP, retail price index and more. It lists a variety of online resources, including "How Much is That?", which in turn gives links to various calculators. For a good general guide to the old Australian currency try the Wikipedia article which describes the issuing of notes by private banks and the use of British coinage.įor currency converter websites you could try the Current Value of Old Money website. The rate was fixed to the British pound, and there was no national Australian currency until 1910. There are some good websites that will give a calculation, but they can provide quite a variation on the figures they produce.įor monetary values dating back to the 19th century it is important to note that there was no "Australian" pound at that time. It is harder to get an accurate and meaningful comparison the further back in time you go. Become a Friend of the National LibraryĮstimating the current value of historical monetary amounts is not a straightforward process.National Library of Australia Publishing. Using the Library Expand Using the Library sub menu.Processing and describing our collections.
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