Australian Dollar To Pound History 10 Years Graph
Introduction
The Australian Dollar (AUD) and the Pound Sterling (GBP) are two of the most important currencies in the world. The exchange rate between these two currencies is closely watched by investors, traders, and businesses around the globe. In this article, we will take a look at the history of the AUD to GBP exchange rate over the past 10 years.
What is the AUD to GBP Exchange Rate?
The AUD to GBP exchange rate is the rate at which one Australian Dollar can be exchanged for one Pound Sterling. It is a measure of the relative value of the two currencies. When the exchange rate is high, it means that the Australian Dollar is strong compared to the Pound Sterling, and when the exchange rate is low, it means that the Pound Sterling is strong compared to the Australian Dollar.
The History of the AUD to GBP Exchange Rate
Over the past 10 years, the AUD to GBP exchange rate has fluctuated significantly. At the beginning of 2011, one Australian Dollar was worth around 0.63 British Pounds. By the end of the year, the exchange rate had risen to around 0.68. In 2012, the exchange rate continued to rise, reaching a peak of 0.78 in September of that year.
However, in the following years, the exchange rate began to fall. By the end of 2013, one Australian Dollar was worth just 0.56 British Pounds. The exchange rate continued to fluctuate over the next few years, but generally remained around the 0.50 to 0.60 mark.
In 2016, the exchange rate began to rise again, reaching a high of 0.77 in September of that year. However, in the following years, the exchange rate once again began to fall. By the end of 2018, one Australian Dollar was worth just 0.54 British Pounds.
In 2019 and 2020, the exchange rate continued to fluctuate, but generally remained around the 0.50 to 0.60 mark. However, in early 2021, the exchange rate began to rise again, reaching a high of 0.57 in March of that year.
Factors Affecting the AUD to GBP Exchange Rate
There are many factors that can affect the AUD to GBP exchange rate. Some of the most important factors include:
- Interest rates: Higher interest rates in Australia can attract foreign investment and increase demand for the Australian Dollar, which can lead to a higher exchange rate.
- Economic growth: Strong economic growth in Australia can increase demand for the Australian Dollar, which can lead to a higher exchange rate.
- Commodity prices: Australia is a major exporter of commodities such as iron ore and coal. Higher commodity prices can increase demand for the Australian Dollar, which can lead to a higher exchange rate.
- Political stability: Political instability in Australia or the UK can lead to a decrease in demand for their respective currencies, which can lead to a lower exchange rate.
Conclusion
The AUD to GBP exchange rate has fluctuated significantly over the past 10 years. While there have been periods of growth, there have also been periods of decline. The exchange rate is affected by many factors, including interest rates, economic growth, commodity prices, and political stability. Investors, traders, and businesses should closely monitor the exchange rate and the factors that affect it in order to make informed decisions when trading or investing in these currencies.