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The Austrian Schilling is the currency in Austria, and it can be converted into United States Dollars (USD), also known as American Dollars. The exchange rates for both currencies were last updated on March 25, 2025, by the International Monetary Fund. The conversion factor for USD has 6 significant digits, while ATS has 6 significant digits as well. 1 ATS is approximately equal to $0.07 (7 cents and 5/8 cents), and 1 USD is approximately equal to 13.10 ATS.
Austrian Schilling to US Dollar Conversion
| Characteristics | Values |
|---|---|
| Austrian Schilling Replaced By | Euro (EUR) |
| Date Replaced | January 1, 1999 |
| Exchange Rate | 1 ATS = 0.078455042 USD |
| Exchange Rate | 1 USD = 12.7462 ATS or 13.7603 ATS |
| Worst Conversion Day | Sunday, 12 January 2025 |
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What You'll Learn
Austrian Schilling to USD conversion factors
The Austrian Schilling (ATS) is obsolete and was replaced by the Euro (EUR) on January 1, 1999. One Euro is equivalent to 13.7603 ATS.
To convert Austrian Schillings to US Dollars (USD), you can use an online currency exchange rate conversion calculator. The ATS conversion factor has 6 significant digits. The worst day to change Austrian Schillings to US Dollars was Sunday, January 12, 2025, when the exchange rate fell to its lowest value.
As of March 26, 2025, 1 USD was equivalent to 12.7462 ATS. This mid-market rate is only for informational purposes, and you will not receive this rate when sending money.
It is important to note that the exchange rates fluctuate and the values mentioned here might not be the most recent.
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USD to Austrian Schilling conversion factors
The Austrian Schilling (ATS) is obsolete and was replaced with the Euro (EUR) on January 1, 1999. One Euro is equivalent to 13.7603 ATS.
USD to ATS Conversion Factors
As of March 26, 2025, the mid-market exchange rate for USD to ATS was 1 USD = 12.7462 ATS. This rate is used for informational purposes and may not be the rate you receive when sending money.
ATS to USD Conversion Factors
As of March 26, 2025, the mid-market exchange rate for ATS to USD was 1 ATS = 0.0781680 USD. This rate is also for informational purposes and may not be the rate you receive when sending money.
The ATS conversion factor has 6 significant digits.
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Austrian Schilling currency
The Austrian schilling was the currency of Austria from 1945 until 2002, when it was replaced by the Euro. The name schilling is directly related to the English shilling, with both words gradually evolving from a unified original name. The schilling was established by the Schilling Act (Schillingrechnungsgesetz) of 20 December 1924, at a rate of one schilling to 10,000 kronen, and issued on 1 March 1925.
In medieval Austria, there were short and long schilling coins, valued at 12 and 30 pfennigs respectively. Until 1857, the schilling was a currency unit for 30 pfennigs or 7+1⁄2 kreuzers. The Austrian groschen (also known as the Kaisergroschen, or "emperor's groschen/groat") was a silver coin worth 12 pfennigs = 3 kreuzers. The Austro-Hungarian gulden after 1857 was divided into 100 Neukreuzer, and the Austro-Hungarian krone was introduced in 1892 upon the adoption of the gold standard. The Austrian crown was introduced for Austria in 1919 upon the dissolution of the Austro-Hungarian Empire.
In 1925, the Oesterreichische Nationalbank issued notes in denominations of 1, 5, 10, 20, 100, and 1,000 schillings. 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 Oesterreichische Nationalbank also introduced notes in 1945, in denominations of 10, 20, 100, and 1,000 schillings, and the allied currency with small values up to 5 schillings remained valid until 1947. With a second "schilling" law on 21 November 1947, new banknotes were introduced. The earlier notes could be exchanged for new notes at par for the first 150 schillings and at a rate of 1 new schilling for 3 old schillings thereafter. This reform did not affect coins.
Between 1947 and 1952, coins in denominations of 1, 2, 5, 10, 20, and 50 groschen; and 1, 2, and 5 schillings were introduced. The 1, 5, 10, and 50 groschen were initially made from leftover blanks from the wartime pfennig issues. The 2 and 50 groschen; 1, 2, and 5 schilling were struck in aluminium, as was the second type of 10 groschen coin. The 1 and 5 groschen and the first type of 10 groschen were in zinc, with the 20 groschen struck in aluminium-bronze. The 1 groschen was only struck in 1947, while the 20 groschen and 2 schilling coins were suspended from production in 1954 and 1952, respectively. In 1957, silver 10 schilling coins were introduced, followed in 1959 by aluminium-bronze 50 groschen and 1 schilling, and in 1960 by silver 5 schilling coins. As a result, the composition of the 5 Schilling coins changed from aluminium to silver in the 1950s, which was a highly unusual event.
Silver coins were in the value of 25, 50, 100, 200 and 500 schillings, but gold coins also existed for 500 and 1,000 schillings. They were considered legal currency, but were rarely found in actual transactions. Coins under 10 groschen were rarely seen in circulation during their final years. At the time of the changeover to the euro, the coins in circulation were the following: Smoothly with 19 pits until 1992. In 1993, all previous 20 Schilling coins were reissued with smooth edges.
The currency stabilised in the 1950s, with the schilling being tied to the U.S. dollar at a rate of $1 = 26 schillings. Following the breakdown of the Bretton Woods system in 1971, the schilling was initially tied to a basket of currencies until July 1976, when it was coupled to the German mark. Although the euro became the official currency of Austria in 1999, euro coins and notes were not introduced until 2002. Old schilling-denominated coins and notes were phased out from circulation because of the introduction of the euro by 28 February of that year. Schilling banknotes and coins which were valid at the time of the introduction of the euro will indefinitely remain exchangeable for euros at any branch of the Oesterreichische Nationalbank. The exchange rate is 1 Euro = 13.7603 Schillings.
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USD currency
The US dollar (USD) is the official currency of the United States of America. It is the most exchanged and traded currency in the world, used in most international transactions, and is the dominant global reserve currency. The currency code for the dollar is USD, and its symbol is the dollar sign, $.
The US dollar is also the official currency in several other countries, including Panama and Ecuador, and is used as an alternative form of payment in many others. The Coinage Act of 1792 introduced the US dollar, at par with the Spanish silver dollar, and divided it into 100 cents. The Act also authorised the minting of coins denominated in dollars and cents. The US dollar was originally defined under a bimetallic standard of 371.25 grains (24.057 g) (0.7734375 troy ounces) of fine silver, or 23.22 grains (1.505 g) of fine gold, or $20.67 per troy ounce.
The US dollar is also referred to as the greenback, buck, green, dough, smacker, bones, dead presidents, scrillas, and paper. This is due to the predominantly green colour of US banknotes, also known as Federal Reserve Notes. The Federal Reserve System acts as the US's central bank and conducts the country's monetary policy.
The US dollar is the most popular currency to exchange to and from Austrian currency.
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International Monetary Fund exchange rates
The International Monetary Fund (IMF), a United Nations (UN) specialized agency, was founded at the Bretton Woods Conference in 1944. The IMF was created to secure international monetary cooperation, stabilize currency exchange rates, and expand international liquidity (access to hard currencies). The IMF's principal activities include stabilizing currency exchange rates, financing the short-term balance-of-payments deficits of member countries, and providing advice and technical assistance to borrowing countries.
The IMF's role in stabilizing currency exchange rates is particularly important, as it helps to reduce the frequency and severity of balance-of-payments deficits and eliminate destructive mercantilist trade policies. To achieve this, the IMF has implemented certain rules and guidelines. For example, the IMF permitted exchange rate movements greater than 1% only for countries experiencing a "fundamental balance-of-payments disequilibrium" and only with the fund's approval. This system of pegged exchange rates was ended in August 1971 when U.S. President Richard Nixon refused to sell gold to other governments at the stipulated price.
Since this event, each IMF member country has been allowed to choose its preferred method for determining its exchange rate. These methods include a free float, where the exchange rate is determined by the supply and demand of the currency in international markets; a managed float, where monetary officials intervene in markets to buy or sell their currency to influence short-term rates; and a pegged exchange arrangement, where the exchange rate is tied to another currency or a basket of currencies.
The IMF's efforts to stabilize exchange rates and promote international cooperation have had a significant impact on global economic stability and development. By providing a framework for exchange rate management and offering financial support to member countries, the IMF helps to reduce the risk of economic crises and promotes sustainable economic growth. The organization's role in maintaining the stability of the international monetary system is crucial, especially during periods of financial volatility or global economic shocks.
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Frequently asked questions
You can use a currency exchange rate conversion calculator. As of March 25, 2025, 1 ATS = 0.076286337209302 USD or 1 USD = 13.108507192531 ATS.
The symbol for the American Dollar is $.
The Austrian Schilling's conversion factor has 6 significant digits.
The American Dollar's conversion factor also has 6 significant digits.
