Exchange Rate in Australia
Annual inflation came in at 7.0% in Q1, down from Q4’s 7.8%, which had marked the highest reading since Q2 1990. Therefore, inflation moved closer to the Reserve Bank’s 2.0–3.0% target band. Inflation is set to ease further ahead amid a waning base effect, but accelerating wage growth, statistical carryover and pass-through effects will keep it high.
Australia Exchange Rate Chart
Australia Exchange Rate Data
|Exchange Rate (USD per AUD, aop)||0.77||0.75||0.70||0.69||0.75|