AUD to JPY

AUD heads below 66 cents as virus fears grip markets

In short AUD USD falls below 66 cents for the first time since the GFC The Australian dollar has held up against the other major currencies Little economic data out this week Time Open Low High Today 0.6599 In the last week 0.6587 0.6706 In the last month 0.6587 0.6821 The AUD/USD has spent this week trading either side of 66 cents. It has been slipping lower against the US dollar for a few weeks as coronavirus fears increase. Interestingly, the Australian dollar has not fallen against all currencies. In fact, it has largely remained unchanged against the Euro, British […]

Currency in Japan

Currency in Japan

Japan has so many different things for visitors to do including visiting Kyoto, Tokyo or Mount Fiji, going on the shinkansen (bullet train), skiing in Hokkaido, watching geishas or sumo wrestlers. A trip to Japan will be so much easier if you have a basic understanding of the Japanese currency. We’ve built this guide to help you get streetwise about paying for things in Japan.   What currency is used in Japan? The only currency widely used in Japan is the Japanese Yen. It is the official currency of Japan and is represented by the symbol ¥ and the currency […]

Australian Dollar rises off the canvas after the RBA keeps rates on hold

In short The RBA left interest rates on hold The statement that followed the decision was upbeat, helping the Australian dollar rise More reports and speeches from the RBA later in the week Time Open Low High Today 0.6737 In the last week 0.6684 0.6777 In the last month 0.6684 0.6955 The Aussie Dollar bounced back from 10 and a half year lows on Monday to move higher on Tuesday. The local currency bounced as soon as the RBA announced that official interest rates would remain at 0.75%. What helped drive the Australian dollar higher was the upbeat statement that […]

Australian dollar falls close to its lowest point in over 10 years

In short The Australian dollar fell again overnight The AUD/USD is close to it’s lowest point in 11 years The local currency is also falling against the Euro, Japanese Yen, British Pound and New Zealand Dollar Time Open Low High Today 0.6716 In the last week 0.6704 0.6853 In the last month 0.6704 0.7046 The Australian dollar hit 0.6704 this morning against the US dollar. While the AUD has been falling for a while, it hasn’t been this low in almost 11 years. The AUD to USD exchange rate is at it’s lowest point since the Global Financial Crisis in […]

Surprise reaction to inflation data as interest rate cuts look unlikely

In short Strong inflation data released in Australia yesterday Markets now pricing almost no chance of an interest rate cut in February Inflation could increase as a result of the Australian bushfires Time Open Low High Today 0.6749 In the last week 0.6738 0.6877 In the last month 0.6738 0.7046 Yesterday, inflation figures released to the market failed to move the Australian dollar exchange rate. The figures implied that inflation has stopped falling. Despite this, it still remains below the RBA’s target of 2-3%.   Why inflation figures can have an impact on the Aussie dollar One of the biggest […]

How the Coronavirus is impacting the Australian Dollar

In short The Coronavirus or COVID-19 has had a negative impact on the Australian dollar in many different ways Markets are reacting in a similar way to the SARS outbreak As the threat increases, the AUD is likely to remain under pressure Time Open Low High Today 0.6762 In the last week 0.6741 0.6877 In the last month 0.6741 0.7046 The Australian dollar has once again fallen on fears of the coronavirus spreading further. Here’s how it has performed in the last week: The AUD to USD exchange rate is down 1 cent to 0.6764 The AUD to EUR exchange […]