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Well, you are not comparing apples for apples there... bit...

  1. Superchicken
    3,107 Posts.
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    14/05/24
    21:35
    Post #: 73824121
    Well, you are not comparing apples for apples there... bit different comparing pre and post 9 December 1983 when currency was floated. And it is simplistic to believe currencies only change because of gummint's debasing their fiat but not worth boring everyone here on this stuff.

    "But for most of Australia’s history, the value of the Australian dollar – and the earlier Australian pound – was “pegged” to either gold, pound sterling, the US dollar or to a value of a basket of currencies"
    .
    https://theconversation.com/happy-birthday-aud-how-our-australian-dollar-was-floated-40-years-ago-this-week-217548
    RED Price at posting: 47.5¢ Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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