What was the exchange rate of the Australian dollar (A$) in early 2009?

Prepare for the HSC Economics Exam with comprehensive study materials, including flashcards and multiple choice questions. Each question offers hints and detailed explanations to boost your confidence and help you ace your exam!

The exchange rate of the Australian dollar in early 2009 was approximately US$0.63. This period was marked by significant global economic turbulence due to the financial crisis, which influenced exchange rates around the world. The Australian dollar had seen a decline in value as commodity prices dropped and investor sentiment shifted towards safe-haven currencies such as the US dollar. The chosen answer accurately reflects the economic conditions and exchange rate movements observed during that time, positioning the Australian dollar at a relatively low value compared to its historical performance.

Understanding this context is crucial, as it illustrates how external factors can influence exchange rates and highlights the importance of economic indicators in assessing currency values. The other choices represent values that were not characteristic of the Australian dollar's exchange rate during that specific period, as they do not align with the historical data of currency fluctuations during the early months of 2009.

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