Australia Real Effective Exchange Rate in 2015
Australia Real Effective Exchange Rate opened 2015 at 111.01 and closed at 105.31, a -5.13% move for the year. The high of 111.01 was reached on January 1, and the low of 101.33 on September 1.
Monthly Breakdown
| Month | Open | Close | High | Low | Change |
|---|---|---|---|---|---|
| Jan | 111.01 | 111.01 | 111.01 | 111.01 | +0.00% |
| Feb | 107.45 | 107.45 | 107.45 | 107.45 | +0.00% |
| Mar | 108.08 | 108.08 | 108.08 | 108.08 | +0.00% |
| Apr | 107.50 | 107.50 | 107.50 | 107.50 | +0.00% |
| May | 109.39 | 109.39 | 109.39 | 109.39 | +0.00% |
| Jun | 107.69 | 107.69 | 107.69 | 107.69 | +0.00% |
| Jul | 104.43 | 104.43 | 104.43 | 104.43 | +0.00% |
| Aug | 104.11 | 104.11 | 104.11 | 104.11 | +0.00% |
| Sep | 101.33 | 101.33 | 101.33 | 101.33 | +0.00% |
| Oct | 102.97 | 102.97 | 102.97 | 102.97 | +0.00% |
| Nov | 103.81 | 103.81 | 103.81 | 103.81 | +0.00% |
| Dec | 105.31 | 105.31 | 105.31 | 105.31 | +0.00% |
Events During 2015
The PBoC devalued the yuan by 1.9% in a single day on August 11, 2015, the first meaningful devaluation since 1994. Global risk assets convulsed.
Brent crude fell from $115 in June 2014 to $27 in January 2016, a 77% collapse. Shale oversupply and OPEC's refusal to cut production broke the commodity supercycle that had dominated markets since 2003.
The Swiss National Bank abandoned its 1.20 EUR/CHF floor on January 15, 2015. The franc immediately surged 30%, blowing up retail FX brokers and exposing the fragility of exchange rate commitments.
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