Australian Dollar Monthly

The Australian dollar rose against most members of the G10 currency basket in October, trailing only the US dollar, Canadian dollar and Swedish krona. However, the AUD trade weighted index (TWI) – which values the Aussie dollar against a basket of currencies based on their share of trade with Australia – had its first monthly decline in five months.

The Australian dollar was the strongest among the G10 currencies in September. The AUD trade-weighted index rose for the fourth month in a row, and the Australian dollar posted its sixth monthly increase against the greenback in the past seven months.

The Australian dollar was middle-of-the-road against the G10 currencies in August and fell against all the majors except for the weaker US dollar.

The Australian dollar was one of the strongest members of the G10 currency group in July, behind only the US dollar, Canadian dollar and Swiss franc. The AUD trade-weighted index – which values the Australian dollar against a basket of foreign currencies based on their share of trade with Australia – posted its highest monthly close since November last year.

The Australian dollar was one of the strongest members of the G10 currency basket in June behind only the euro and Swiss franc. The Japanese yen and US dollar were the weakest members of the G10, with the US dollar index falling to fresh three-year lows as the US dollar rounded out its worst six months since 1991.

The Australian dollar gained against all the major trading currencies except for the stronger British pound. The AUD/USD exchange rate settled down from the high volatility in April, and traded in its narrowest range since June 2024, as some of the heat seemed to come out of the trade war.