Historical Year Data · 2008

Australia Real Effective Exchange Rate in 2008

Australia Real Effective Exchange Rate opened 2008 at 110.93 and closed at 89.71, a -19.13% move for the year. The high of 118.02 was reached on July 1, and the low of 89.15 on November 1.

Open

110.93

2008-01

89.71

12 data points

High

118.02

Jul 1

Low

89.15

Nov 1

Full Year Change

-19.13%

2007 Change

+4.50%

Monthly Breakdown

Month	Open	Close	High	Low	Change
Jan	110.93	110.93	110.93	110.93	+0.00%
Feb	113.85	113.85	113.85	113.85	+0.00%
Mar	113.23	113.23	113.23	113.23	+0.00%
Apr	113.34	113.34	113.34	113.34	+0.00%
May	116.64	116.64	116.64	116.64	+0.00%
Jun	117.22	117.22	117.22	117.22	+0.00%
Jul	118.02	118.02	118.02	118.02	+0.00%
Aug	111.16	111.16	111.16	111.16	+0.00%
Sep	104.89	104.89	104.89	104.89	+0.00%
Oct	90.82	90.82	90.82	90.82	+0.00%
Nov	89.15	89.15	89.15	89.15	+0.00%
Dec	89.71	89.71	89.71	89.71	+0.00%

Events During 2008

2008 Financial Crisis

Deflation

September 2007 – March 2009

The 2008 Financial Crisis remains the deepest and most instructive market event of the 21st century. Subprime losses cascaded through leveraged balance sheets, froze interbank lending, and forced unprecedented central bank intervention.

Previous Year

← Australia Real Effective Exchange Rate in 2007

Next Year

Australia Real Effective Exchange Rate in 2009→