2. Westpac analysts pointed out that with the further return of the exchange rate value of the pound at the beginning of the year, the pound against the Australian dollar will rise to a high of 1.8 150 in the near future. However, after that, in the context of the global epidemic easing, the trade risk fading, and the demand for bulk commodities continuing to pick up, the Australian dollar exchange rate will definitely regain its upward trend, which will eventually push the pound to intensify its decline against the Australian dollar. Reduce the target price to 1.6950 at the end of the year. The cross-currency pair between the British pound and the Australian dollar briefly broke through the 1.80 mark on Monday, hitting a new high since February last year, because the exchange rate of the British pound against a basket of currencies G 10 continued to strengthen with the help of Britain's withdrawal from the EU. At present, the exchange rate of pound against Australian dollar is 1.848349, and 1 pound can be converted into Australian dollar 1.848349. At the same time, the Australian dollar exchange rate is relatively under pressure, and this trend is still maintained after the RBA resolution on Tuesday.
About the pound and the Australian dollar
1. The pound is the standard monetary unit. Sterling is mainly issued by the Bank of England, but there are also other issuers. The most commonly used symbol for the pound is. The currency code of ISO 42 17 adopted by the International Organization for Standardization is the pound. In addition to Britain, the currencies of British overseas territories are also denominated in British pounds, and the exchange rate with British pounds is fixed at 1: 1. After the adoption of the euro, the pound became the oldest currency still in use. China ranks third in the world's foreign exchange reserves, second only to the US dollar and the euro. The pound is the fourth largest foreign exchange trading currency after the dollar, the euro and the yen. Although there is no fixed exchange rate between the pound and the euro, there is often a long-term synchronous trend between the pound and the euro, although this trend has weakened since mid-2006.
2. The Australian dollar is the currency in circulation in Australia, Kiribati, Nauru, Tuvalu and other countries and regions. It is issued by the Federal Reserve Bank of Australia. At present, there are 5 10, 20,50, 100 yuan, 5 10, 20,50 cents and 1, 2 cents in circulation. The Australian dollar is the monetary unit of Australia. In the foreign exchange market, the Australian dollar is currently the fifth largest currency in the world, accounting for 6% of the total trading volume, second only to the US dollar, the euro, the Japanese yen and the British pound. In 20 10, the Australian dollar officially replaced the Swiss franc as the fifth largest currency in the world.