Australian Dollar / Canadian Dollar - AUD/CAD

The external value of the Australian dollar (AUD) is strongly linked to the world farm raw material rates, they represent 40% of the Australian exports; the Canadian dollar (CAD) one is linked to the oil exchange rates, oil of which Canada is a very important producer.

The Canadian dollar is also linked to the US dollar, as Canada do most of its trade exchanges (more than 70% of its imports and exports) with the United states.

From 2000, we have observed on the Forex, the fluctuations of the AUD/CAD cross oscillating around the mark of the parity 1 AUD = 1 CAD; as sudden 10 to 20% variations (done in few months) of the Canadian dollar were generally “followed” by the Australian dollar on a larger period of about a year.

In January the exchange value was worth AUD/CAD = 0,96, in March and September 2001 was worth AUD/CAD = 0,76.

Then the Australian dollar slowly appreciated on a quite long period which lasted until February 2004, when the higher AUD/CAD = 1,0402 was reached on the Forex.

A -15% adjustment in 6 months in favor of the Canadian dollar happened (AUD/CAD = 0,89 in September 2004) and a year later (in September 2005) the cross had the same value.

After a period of stability which lasted until June 2006, the Australian dollar slowly increased until March 2007 at AUD/CAD = 0,97, but it lost again 11% in 5 months and AUD/CAD = 0,85 in August 2007.

The rise of the Australian dollar took a year (AUD/CAD = 0,97 in June 2008) and a 15% decrease happened in 3 months (AUD/CAD = 0,80 in September 2008).

It is only during 2009 when the Australian dollar recovered against the Canadian dollar, and the cross was worth AUD/CAD= 0.9670 at the beginning of December 2009.