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Australian, South Korean and New Zealand's currencies jumped in value because they handled the pandemic very well and are now very attractive investments.
by myth_drannon 6y ago
Australian, South Korean and New Zealand's currencies jumped in value because they handled the pandemic very well and are now very attractive investments.
- quag 6y agoAs a counter point, the AUD, KRW, and NZD all buy fewer USD today than they did on 2020-01-01. The three currencies have risen from the big drops on 2020-03-18, but are still worth less than earlier in the year.
- chii 6y agoThe currencies have little to do with the wellness of how the gov't handled the crisis. It has more to do with demand, and theres' just a lot of demand for USD, simply because it is considered a reserve currency, and a lot of people would rather hold it than their own native country's currency.
- xuki 6y agoI think that's because during a crisis people flock to USD for safety, now that it seems to be under control, people are selling those USD again.
- gjs278 6y agoaustralian dollars have been shedding value for years