Historical Daily Exchange Rates Of The Australian Dollar Against
The Australian dollar is one of the most traded currencies in the world, and its exchange rate is closely watched by traders and investors globally. The exchange rate of the Australian dollar is affected by various factors, including economic indicators, geopolitical events, and market sentiment. In this article, we will take a look at the historical daily exchange rates of the Australian dollar against major currencies.
Historical Exchange Rates of the Australian Dollar Against the US Dollar
The exchange rate of the Australian dollar against the US dollar has been volatile over the years. In the 1980s, the Australian dollar was pegged to the US dollar at a rate of 0.75 AUD per USD. However, in the early 1990s, the Australian government decided to float the currency, and since then, the exchange rate has fluctuated based on economic conditions and market forces.
In recent years, the Australian dollar has been trading at around 0.70-0.80 AUD per USD. However, during the global financial crisis of 2008-2009, the exchange rate dropped to as low as 0.60 AUD per USD. The exchange rate has also been affected by the trade tensions between the US and China, as Australia is a major trading partner of both countries.
Historical Exchange Rates of the Australian Dollar Against the Euro
The exchange rate of the Australian dollar against the Euro has also been volatile over the years. Since the Euro was introduced in 1999, the exchange rate has ranged from 0.40-0.70 AUD per Euro. During the Eurozone debt crisis of 2010-2012, the exchange rate dropped to as low as 0.55 AUD per Euro.
However, in recent years, the exchange rate has been relatively stable, trading at around 0.60-0.65 AUD per Euro. The exchange rate is affected by various factors, including the economic conditions in Australia and the Eurozone, as well as the monetary policy of the European Central Bank.
Historical Exchange Rates of the Australian Dollar Against the Japanese Yen
The exchange rate of the Australian dollar against the Japanese yen has been volatile over the years. In the 1980s and early 1990s, the exchange rate was relatively stable, trading at around 70-80 JPY per AUD. However, during the Asian financial crisis of 1997-1998, the exchange rate dropped to as low as 50 JPY per AUD.
In recent years, the exchange rate has been trading at around 80-90 JPY per AUD. The exchange rate is affected by various factors, including the economic conditions in Australia and Japan, as well as the monetary policy of the Bank of Japan.
Conclusion
The historical daily exchange rates of the Australian dollar against major currencies have been volatile over the years, and are affected by various factors. Traders and investors need to stay up-to-date on the latest economic indicators and market news in order to make informed decisions. By understanding the historical trends and current factors affecting exchange rates, traders and investors can make more informed decisions about their investments.