Lyla Lindsey
The Austrian Schilling (ATS) was the currency of Austria from 1925 to 1938, and then again from 1945 to 1999, when it was replaced by the Euro. The Schilling was the circulating currency until 2002, and the exchange rate was fixed at €1 = 13.7603 schillings.
| Characteristics | Values |
|---|---|
| Date Austrian Schilling was replaced by the Euro | 1 January 1999 |
| Exchange rate | 1 Euro = 13.7603 Austrian Schillings |
| Austrian Schilling banknotes | 1, 5, 10, 20, 100 and 1,000 Schillinge |
| Austrian Schilling coins | 1, 5, 10, 20 |
What You'll Learn
The Austrian Schilling is obsolete
The Austrian Schilling was the currency in Austria from 1925 to 1938 and from 1945 to 1999, and the circulating currency until 2002. The schilling was divided into 100 groschen. In 1925, the Oesterreichische Nationalbank issued notes in denominations of 1, 5, 10, 20, 100 and 1,000 Schillinge. In 1927–1929 a second series was added with 5, 10, 20, 50 and 100 schilling notes. The one schilling was substituted by a coin. In 1945, the Allies introduced notes (dated 1944) in denominations of 50 groschen, 1, 2, 5, 10, 20, 25, 50, 100 and 1,000 schilling.
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The Schilling was replaced by the Euro in 1999
The Austrian Schilling was replaced by the Euro on 1 January 1999. The exchange rate was fixed at €1 = 13.7603 schillings. The Schilling was the currency of Austria from 1925 to 1938 and then again from 1945 to 1999. It was divided into 100 groschen. The Oesterreichische Nationalbank issued notes in denominations of 1, 5, 10, 20, 100 and 1,000 Schillinge in 1925. In 1927–1929, a second series was added with 5, 10, 20, 50 and 100 schilling notes. The one schilling was substituted by a coin. In 1945, the Allies introduced notes (dated 1944) in denominations of 50 groschen, 1, 2, 5, 10, 20, 25, 50, 100 and 1,000 schilling. The OeNB will still exchange unlimited amounts of schilling banknotes and coins of the last series into euros for an unlimited period.
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The exchange rate is 1 Euro = 13.7603 Schilling
The Austrian Schilling (ATS) is no longer a valid currency. It was replaced by the Euro (EUR) on January 1, 1999. The exchange rate is 1 Euro = 13.7603 Schilling. This means that 1 Euro is equivalent to 13.7603 Austrian Schillings.
The Austrian Schilling was the currency in Austria from 1925 to 1938 and from 1945 to 1999, and it continued to circulate until 2002. The OeNB will still exchange unlimited amounts of schilling banknotes and coins of the last series into euros for an unlimited period.
At the time of the changeover to the Euro, the coins in circulation were the following: 1, 5, 10, 20, 50 and 100 schilling notes. The one schilling was substituted by a coin. In 1925, the Oesterreichische Nationalbank issued notes in denominations of 1, 5, 10, 20, 100 and 1,000 Schillinge.
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The Schilling was divided into 100 Groschen
The Austrian Schilling was a former currency of Austria from 1925 to 1938 and from 1945 to 1999, and the circulating currency until 2002. The Schilling was replaced by the Euro at a fixed parity of €1 = 13.7603 schillings. The Schilling was divided into 100 Groschen.
The Schilling was introduced in 1925, with notes issued in denominations of 1, 5, 10, 20, 100 and 1,000 Schillinge. In 1927–1929, a second series was added with 5, 10, 20, 50 and 100 schilling notes. The one schilling was substituted by a coin. In 1945, the Allies introduced notes (dated 1944) in denominations of 50 Groschen, 1, 2, 5, 10, 20, 25, 50, 100 and 1,000 schillings. The Groschen was therefore a subunit of the Schilling, with 100 Groschen equalling 1 Schilling.
The Schilling was also a subunit of other currencies. For example, the florin, which was a currency of the Holy Roman Empire since the 16th century, was divided into 8 Schillings = 60 Kreuzer = 240 Pfennigs. The Austro-Hungarian gulden after 1857 was divided into 100 Neukreuzer, and the Austro-Hungarian krone, introduced in 1892 upon the adoption of the gold standard, was also divided into Schillings.
The Schilling was replaced by the Euro on January 1, 1999, and is no longer a circulating currency. However, the Oesterreichische Nationalbank (OeNB) will still exchange unlimited amounts of schilling banknotes and coins of the last series into euros for an unlimited period.
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The Schilling was the currency in Austria
The Austrian Schilling was introduced in 1925, with notes in denominations of 1, 5, 10, 20, 100 and 1,000 Schillinge. In 1927–1929, a second series was added with 5, 10, 20, 50 and 100 schilling notes. The one schilling note was substituted by a coin. In 1945, the Allies introduced notes (dated 1944) in denominations of 50 groschen, 1, 2, 5, 10, 20, 25, 50, 100 and 1,000 schilling.
In 1993, all previous 20 Schilling coins were reissued with smooth edges. The OeNB will still exchange unlimited amounts of schilling banknotes and coins of the last series into euros for an unlimited period. However, the exchange period of 20 years for all schilling banknotes withdrawn before the introduction of the Euro (January 1, 1999) has expired, so these banknotes can no longer be exchanged into euros at the OeNB.
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Frequently asked questions
There are 13.7603 Austrian shillings in one euro.
The Austrian shilling was replaced by the euro on 1 January 1999.
Yes, the OeNB will still exchange unlimited amounts of Austrian schilling banknotes and coins of the last series into euros for an unlimited period.
