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1000 usd to aud
1000 usd to aud













1000 usd to aud

"Australia is set to release fourth-quarter wage price index data on 22 February. In 2022, AUD/EUR slipped 0.4%, AUD/GBP rose 4.8% and AUD/JPY increased about 6.8%.ĪUD extended its outperformance against USD in 2023 with AUD/USD rates gaining 1.3 year-to-date (YTD) as of 20 February. When compared to major currencies, the Aussie posted positive returns against the British pound and the Japanese yen in 2022. AUD closed the year on a strong note as the Aussie saw back-to-back monthly gains over the greenback in the last two months of 2022.ĭespite the late gains, however, AUD/USD closed the year about 6% lower in 2022 at 0.681. The market moved quickly to price in a slower pace of US Fed rate hikes going forward.ĪUD posted its best monthly return in more than two-and-a-half years in November 2022 by gaining about 6.1% against the USD. Most global currencies rose from their bottoms against the US dollar in November 2022 after October US inflation data came in lower than expected. In September 2022, AUD posted a monthly loss of 6.4% against the greenback, its worst monthly performance in over nine years. By 13 October 2022, AUD/USD fell to 0.6169, its lowest since April 2020. In contrast, the US dollar index ( DXY), which tracks the performance of the USD against a basket of major currencies, rose to its highest level in 20 years on the back of aggressive interest rate hikes from the US Fed. Since then, the Aussie has been on a steady decline against USD, weighed down by a number of factors including the Chinese real estate sector crisis, Australia-China tariff wars and an aggressive rate hike cycle by Fed. The AUD/USD rate surged about 45% from its March 2020 bottom to a near three-year high of 0.8 by February 2021, supported by recovering commodity and energy demand outlook. Having bottomed at a near two-decade low of 0.55 against the US dollar in March 2020, the Aussie would see a stellar rebound over the next 12 months. The Aussie lost over 12% in the first quarter of 2020. In April, 0.736 May, 0.705 June, 0.702 July 0.686 a slight increase in August to 0.696 and back down significantly to 0.667 for the month of September.īack in March 2020, the Australian dollar crashed to its lowest point against the US dollar in over 18 years, as the Covid-19 pandemic pushed the world into lockdown.

1000 usd to aud drivers#

The key drivers for the AUD's performance are interest rates and inflation data and aganist the USD, which has expereinced higher interest rates and inflation compared to Australia, the AUD fell at a steady rate for most part of 2022.ĭata from Westpac, the Australian dollar was 0.738 cents to the US dollar in March 2022. The RBA said that Australia had a floating exchange rate, “meaning the movements in the Australian dollar exchange rate are determined by the demand for, and supply of, Australian dollars in the foreign exchange market”.

1000 usd to aud

In 2022, there was a fluctuation in the price of AUD, with ongoing global crises affecting the market significantly. About AUD: Australian dollar vs global peers















1000 usd to aud