2020/10/27. AUD TO JPY TODAY
Current AUD to JPY exchange rate equal to 74.6606 Yens per 1 Singapore Dollar. Today's range: 74.4966-74.8915. Yesterday's rate 74.6425. Change for today +0.0181 Yens, +0.02%.
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AUD to JPY forecast for tomorrow, this week and month.AUD to Yen forecast on Wednesday, October, 28: exchange rate 74.7154 Yens, maximum 75.8361, minimum 73.5947. AUD to JPY forecast on Thursday, October, 29: exchange rate 74.7060 Yens, maximum 75.8266, minimum 73.5854. AUD to Yen forecast on Friday, October, 30: exchange rate 74.8017 Yens, maximum 75.9237, minimum 73.6797. AUD to JPY forecast on Monday, November, 2: exchange rate 74.7536 Yens, maximum 75.8749, minimum 73.6323.
In 1 week AUD to Yen forecast on Tuesday, November, 3: exchange rate 74.5833 Yens, maximum 75.7020, minimum 73.4646. AUD to JPY forecast on Wednesday, November, 4: exchange rate 74.5980 Yens, maximum 75.7170, minimum 73.4790. AUD to Yen forecast on Thursday, November, 5: exchange rate 74.6171 Yens, maximum 75.7364, minimum 73.4978. AUD to JPY forecast on Friday, November, 6: exchange rate 73.9561 Yens, maximum 75.0654, minimum 72.8468. AUD to Yen forecast on Monday, November, 9: exchange rate 73.7429 Yens, maximum 74.8490, minimum 72.6368.
In 2 weeks AUD to JPY forecast on Tuesday, November, 10: exchange rate 73.3357 Yens, maximum 74.4357, minimum 72.2357. AUD to Yen forecast on Wednesday, November, 11: exchange rate 72.8669 Yens, maximum 73.9599, minimum 71.7739. AUD to JPY forecast on Thursday, November, 12: exchange rate 73.3894 Yens, maximum 74.4902, minimum 72.2886. AUD to Yen forecast on Friday, November, 13: exchange rate 73.6276 Yens, maximum 74.7320, minimum 72.5232. AUD to JPY forecast on Monday, November, 16: exchange rate 73.7205 Yens, maximum 74.8263, minimum 72.6147.
In 3 weeks AUD to Yen forecast on Tuesday, November, 17: exchange rate 73.3021 Yens, maximum 74.4016, minimum 72.2026. AUD to JPY forecast on Wednesday, November, 18: exchange rate 73.8639 Yens, maximum 74.9719, minimum 72.7559. AUD to Yen forecast on Thursday, November, 19: exchange rate 73.4716 Yens, maximum 74.5737, minimum 72.3695. AUD to JPY forecast on Friday, November, 20: exchange rate 73.6481 Yens, maximum 74.7528, minimum 72.5434. AUD to Yen forecast on Monday, November, 23: exchange rate 74.0638 Yens, maximum 75.1748, minimum 72.9528.
In 4 weeks AUD to JPY forecast on Tuesday, November, 24: exchange rate 74.7287 Yens, maximum 75.8496, minimum 73.6078. AUD to Yen forecast on Wednesday, November, 25: exchange rate 75.2050 Yens, maximum 76.3331, minimum 74.0769. AUD to JPY forecast on Thursday, November, 26: exchange rate 74.9134 Yens, maximum 76.0371, minimum 73.7897.
AUD to Yen forecast by day.
Some amounts at current AUD to JPY exchange rate:
1 AUD = 74.66 JPY
2 AUD = 149.32 JPY. 3 AUD = 223.98 JPY. 4 AUD = 298.64 JPY. 5 AUD = 373.30 JPY. 6 AUD = 447.96 JPY. 7 AUD = 522.62 JPY. 8 AUD = 597.28 JPY. 9 AUD = 671.95 JPY.
10 AUD = 746.61 JPY
11 AUD = 821.27 JPY. 12 AUD = 895.93 JPY. 13 AUD = 970.59 JPY. 14 AUD = 1,045.25 JPY. 15 AUD = 1,119.91 JPY. 16 AUD = 1,194.57 JPY. 17 AUD = 1,269.23 JPY. 18 AUD = 1,343.89 JPY. 19 AUD = 1,418.55 JPY.
Australian Dollar to Japanese Yen Exchange Rate History
The 2008 crisis positioned the Japanese yen as one of the safest world currencies. This title remains as it is a global barometer of risk. In market situations where risk is high, the US dollar has been ditched in favor of the yen. In perfect market conditions, though, investors trade the yen for high yielding currencies. Its relationship with the Australian dollar takes the same path.
Why the swinging curve? What should traders know before trading the AUD/JPY currency pair?
Interest rate changes
A higher interest rate is good news for investors. Countries with higher interest rates boast a stronger currency because businesses thrive—investors know that they stand to gain much by investing in the said country.
Data by trading economics shows that Japan has had a steadily declining interest rate since 2000. The current interest rate in the country is -0.1%. That's about the same rate it was 20 years ago and a slight decline from 0.5% in 2007. On the other hand, Australia has had a higher interest in the past two decades. In 2000, the Australian interest rate was 6.16%, 7.4% in 2010, and currently, it stands at 0.5%.
The fluctuating rates in these two countries have been well captured in the AUD/JPY ever-changing exchange rate. The current rate is 73.86, pitting the stronger AUD against the low-interest driven yen. By the end of 2010, the Australian dollar to yen rate was 82.96. On 31st Dec 2000, the AUD/JPY rate was 63.15.
Although interest rate difference is the largest driver of currency exchange rate fluctuations, general economic stability plays a role in it too. Overall, market risks and volatility drive up the demand for the yen as it seen as a safer currency.
The AUD is considered a high-risk currency. However, recent trends show the yen weakening and the AUD emerging as the safest bet for investors. The recent turn of events can be attributed to Australia's 'success' in handling COVID 19 and the fast reopening of business in the country.
Even before COVID 19, Japan has had a struggling economy since the real estate and equity bubble burst of 1990. Between that period and now, the growth rate in the country averages 2%. The average for Australia is 3.3% with notable peaks in 2002 and 2007.
What drives the Japanese economic fluctuations?
- Changes in auto manufacturing and export
- Aging population
- Nuclear energy explorations
- Oil importation
The factors that lead to a stronger or weaker AUD include
Changing inflation rates
Inflation is not good for any currency. It is one of the first symptoms of a declining economy. No investors would want to put their money where the economic future is uncertain. For that reason, countries with a high inflation rate have weaker currencies in comparison to those with null or negligible inflation rates.
In 2000, the JPY AUD currency pair volatile relationship was, in part, driven by the trending inflation rate in the two countries. The exchange rate was 63.50 at the end of the year when the Japanese inflation rate was -0.68% and 4.46% for Australia. The rate shifted to 82.77 towards the end of 2010, when the inflation rate in Japan rose to 0.72% and fell to 2.89% in Australia. The current 73.84 rate is held up by a low 0.23% inflation rate in Japan and 1.43% in Australia.
Trade balance can be a surplus or deficit. If country A exports more than it buys from country B, A would have a trade surplus, and B would have a trade deficit. A trade surplus strengthens a country's currency. A trade deficit weakens that currency. Note, however, that several other market factors come into play as well—a large trade deficit in raw materials, for instance, can be settled with a small transaction of manufactured items.
Australia exports mostly raw materials to Japan. The later exports finished and industrial goods to Australia. The fairly stable Australian dollar to yen exchange rate reflects the near consistent and marginal trade surplus that Australia has with Japan. In 2004, Australia's exports to Japan were valued at $US18.8 billion. In the same year, Japan exported goods worth $US11.8 billion to Australia. In 2018, Australia exported more to the Asian country, the value of exports standing at US$41.35 billion. Japan exported goods totaling 18 billion to Australia in the same year.
Many factors affect currency exchange rates. The above details show the historical trends of the Australian Dollar to Yen exchange rate and the factors to watch out for when trading this currency pair.