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  • Lately at The Currency Shop we've been updating you weekly on the Australian

  • dollar but we thought it might be worth diving a little deeper and seeing how

  • the Australian dollar has been performing over the last two years.

  • To get a better idea of where it's actually sitting at the moment.

  • In the last few weeks we've seen the Australian dollar hit an 11 month low after hitting a high

  • in January, so we've seen it change a lot this year. In this video we're going to

  • look at the Australian dollar against the US dollar, the Euro, the Pound and the

  • New Zealand dollar. And we'll have a look at what the major banks are forecasting

  • for the Australian dollar by the end of the year.

  • Generally when you hear about the Australian dollar its compared against the US dollar because this gives

  • us the best idea of how it's performing globally. We've had a lot of fluctuation

  • against the US dollar recently but since the beginning of 2016 the Australian

  • dollar has been steadily climbing. This climb can be attributed to three things;

  • increasing commodity, prices steady interest rates and a generally weaker US

  • dollar.

  • It's a slightly different story for the Australian dollar against the

  • Euro because these currencies have been on a bit more of a roller coaster.

  • The Aussie spent all of 2016 rising to its peak of 72.5 Euro cents

  • in early 2017. Since then it's fallen more than 10

  • cents. This fall is less to do with the Australian dollar being weak and more to

  • do with the fact that the European economy has strengthened over the last

  • couple of years.

  • Brexit had the biggest impact on the Australian dollar against the Pound.

  • Brexit took everyone by surprise which is why the pound weakened so suddenly.

  • Against the Pound, the Australian dollar rocketed 30% in the middle of

  • 2016 when it happened. Since then the Aussie has been on a downward trend.

  • This is because the economy has held up much better than people expected post Brexit.

  • Okay let's have a look at the Australian and New Zealand dollar exchange rates.

  • In the last two years the exchange rate has been pretty volatile between the Aussie

  • and New Zealand Dollars. We've seen it go up and down quite a bit but it always

  • seems to be stuck somewhere between 1.0250 and 1.1250. The biggest movers

  • for these currencies have been commodity prices and interest rates in New Zealand.

  • So now that we know what's been happening with those currencies, let's

  • have a look at what the banks are forecasting for the Australian dollar

  • against the majors by the end of the year.

  • As you can see, forecasts for the Australian dollar against most

  • currencies is for it to go down slightly or stay the same. This is quite different

  • to the optimistic forecasts the banks had at the start of the year, which saw

  • the Australian dollar going up by June. So what does all of this mean? Well, while

  • the Australian dollar has dropped against the Euro, Pound and even the US

  • dollar recently. Its lowest point this year is still higher than it was 18

  • months ago against the US dollar. So it's really not all bad news.

  • Hopefully this video has given you a better idea of where the Australian

  • dollar is at the moment and made us realise that it's really not as

  • pessimistic as it might seem.

  • If you want regular updates about the Australian

  • dollar make sure you're subscribed to our channel and if you have

  • notifications turned on you will never miss one of our weekly updates.

Lately at The Currency Shop we've been updating you weekly on the Australian

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澳元兌美元、歐元、英鎊和新西蘭元的長期走勢。 (A Long Term Look at The Australian Dollar | AUD against USD, EUR, GBP & NZD.)

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    林宜悉 發佈於 2021 年 01 月 14 日
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