Abstract
To analyze the economy and predict future developments, foreign exchange movements are considered important. Since the floating exchange rate system was introduced, foreign exchange movements have been considered important for analyzing the economy and predicting future developments. There are two main ways to analyze currency movements: fundamental analysis and technical analysis. Fundamental analysis is based on economic trends, while technical analysis is based on forecasts of future price movements based on past exchange rates. Since 2000, the Australian dollar has gained attention as a resource-rich currency and a high-interest currency. Fluctuations in the Australian dollar have a major impact on Australia’s export-dependent economy, as well as on countries that source resources and investors in the currency. This paper provides a historical look at the Australian dollar.
