The greenback also has gained steam against the Indian rupee and remained historically strong against
the Australian dollar based on early March metrics.
Not exact matches
International banks active in the
Australian market are generally already actively clearing
Australian dollar - denominated interest rate swaps via offshore entities that participate in LCH.Clearnet's London -
based SwapClear service or CME Clearing in the United States.
Since the beginning of 2014, though, the
Australian dollar has on average been 18 per cent below the peaks it reached in 2013, on a trade - weighted
basis.
Other factors have also been at work, however, as the
Australian dollar has fallen against all currencies in the TWI except the New Zealand
dollar — i.e. the fall has been very broadly
based (Table 6).
The
Australian dollar has depreciated from its mid-February peak, by around 6 1/2 per cent on a trade - weighted
basis, following a period of strong appreciation over the previous year and a half.
The broad -
based fall in the US
dollar over the December quarter saw the
Australian dollar reach US79.46 cents in late November, just below the recent cyclical high of US80.05 seen in February last year.
As discussed in the chapter on «International and Foreign Exchange Markets», the
Australian dollar has continued to appreciate over recent months, rising on a trade - weighted
basis by 5 per cent since early November and 21 per cent over the past year.
In other words, the market has gone back to a more traditional model of the
Australian dollar,
based on a commodity price story.
On a trade - weighted
basis, the rise in the
Australian dollar has also been quite substantial, since the TWI gives a high weight to a number of Asian currencies whose governments have chosen to depreciate with the US
dollar.
The decline in the
Australian dollar has played into the hands of the US -
based private equity bidders, with each 1 cents drop delivering a $ 2.3 million injection to the company's profits.
The falling
Australian dollar and a bold plan to chase more profitable sales from a new range of premium wines has lifted the spirits of the Yenda -
based winery, which accounts for one in every two bottles of
Australian wine exported to the US.
The three exceptions to this rule are major currency pairs that are not
based on the US
dollar they include; the British pound (GBP), the
Australian dollar (AUD) and the Euro (EUR).
As an offline analogy, imagine if the US banking infrastructure was repurposed to manage
Australian dollars: both are «
dollars» and have a shared cultural origin, but a completely different monetary
base.
Points awarded will be
based on the currency spent and the equivalent in
Australian dollars and may fluctuate due to currency exchange rates.
* Flight prices are per adult in
Australian Dollars,
based on payment at qantas.com by BPAY made 7 days or more before departure, POLi or Qantas issued UATP.
All rates are indicative average daily published rates and
based on per house, per night, in
Australian Dollars and valid till 31 March 2018.
Prices above are per person,
based on double occupancy and are in
Australian Dollars for above departure dates only.
In addition to the buck, the company's client
base will be able to trade the No. 1 digital currency against the Euro (BTC / EUR), British pound (BTC / GBP) and
Australian dollar (BTC / AUD).