Australian Dollar Monthly

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.

The Australian dollar had an extremely volatile month at the hands of US President Donald Trump’s tariff announcements, but recovered all its early declines against the US dollar to close higher for the second month in a row.

The Australian dollar appreciated slightly against the weaker greenback and Japanese yen in March, but saw significant depreciation versus the euro and British pound.

The Australian dollar posted its fourth monthly fall in the past five months against the US dollar in February, giving up all its early gains over the last week of the month to close marginally lower.

The Australian dollar posted its first monthly gain against the US dollar in four months in January and was one of the strongest members of the G10 currency basket behind only the Japanese yen and the New Zealand dollar.

The Australian dollar fell against the US dollar for the third month in a row in December, closing the month at its lowest level since the pandemic selloff in early 2020.