What was the record high exchange rate of the Australian dollar (A$) in 2011?

The record high exchange rate of the Australian dollar (A$) in 2011 was indeed US$1.11. This point in time was marked by various economic factors, including strong commodity prices and a booming mining sector, which contributed to the Australian economy's strength. The appreciation of the Australian dollar was reflective of increased demand for Australian exports, particularly in the resource sector, enabling it to reach levels close to parity with the US dollar.

This figure is significant in understanding how currency values can be influenced by domestic economic performance and global market conditions. It illustrates the relationship between the Australian economy and international trade, particularly in commodities, and showcases volatility in exchange rates due to external and internal economic shifts during that period.