US Dollar (USD) and Japanese Yen (JPY)
During the global economic/financial crisis that started in late 2008, many investors liquidated their positions into cash holdings and purchased heavily into both the Japanese Yen as well as the US Dollar, leading to a higher exchange rate for these 2 currencies against the rest of the global currencies.
For example, 1 Australian Dollar was trading at 56.4 Japanese Yen in February 2009. The Australian dollar (as well as the rest of the global currencies) has recovered and is now trading at 1 Australian Dollar compared to 77.5 Japanese Yen.
Similarly, 1 Australian Dollar was trading at 0.63 US Dollar in February 2009. The Australian dollar has recovered and is now trading at 1 Australian Dollar compared to 0.82 US Dollar.
The US Dollar (USD) and the Japanese Yen (JPY) are among the most traded pair of currencies in the world. Amongst themselves however, the exchange rate fluctuations is (more…)
