Historic Australian dollar Iraqi dinar

Australian dollar iraqi dinar history for February 2024. The highest quote for this month is 859.09 (24/02/2024) and the lowest 860 (25/02/2024). The difference between high and low is -0.11.

AUD IQD average rate for February 2024 is 850.07519, the change between 01/02/2024 and 29/02/2024 is +3.17 %.

01 February 20241 AUD = 858.3 IQD
02 February 20241 AUD = 860.0 IQD
03 February 20241 AUD = 852.9 IQD
04 February 20241 AUD = 853.1 IQD
05 February 20241 AUD = 841.9 IQD
06 February 20241 AUD = 831.8 IQD
07 February 20241 AUD = 854.1 IQD
08 February 20241 AUD = 852.4 IQD
09 February 20241 AUD = 849.9 IQD
12 February 20241 AUD = 835.9 IQD
13 February 20241 AUD = 854.0 IQD
14 February 20241 AUD = 844.1 IQD
15 February 20241 AUD = 850.0 IQD
16 February 20241 AUD = 853.5 IQD
17 February 20241 AUD = 855.3 IQD
18 February 20241 AUD = 855.4 IQD
19 February 20241 AUD = 838.3 IQD
20 February 20241 AUD = 837.2 IQD
21 February 20241 AUD = 857.2 IQD
22 February 20241 AUD = 857.2 IQD
23 February 20241 AUD = 857.9 IQD
24 February 20241 AUD = 859.1 IQD
25 February 20241 AUD = 859.1 IQD
26 February 20241 AUD = 841.1 IQD
27 February 20241 AUD = 855.4 IQD
28 February 20241 AUD = 855.9 IQD
29 February 20241 AUD = 831.0 IQD

18/03/2020: COVID-19 pandemic impact

The Australian dollar experienced a sharp decline due to the global economic impact of the COVID-19 pandemic and uncertainty in financial markets.

15/10/2018: Government Formation

The formation of a new Iraqi government after parliamentary elections brought hopes of stability and potential economic growth, positively impacting the Iraqi dinar.

10/06/2014: ISIS captures Mosul

The capture of Mosul by ISIS led to a further devaluation of the Iraqi dinar and economic instability in the region.

13/10/2011: Record high exchange rate

The Australian dollar reached a record high exchange rate of above $1.10 against the US dollar, driven by strong commodity demand and high interest rates.

06/10/2008: Global Financial Crisis

The Australian dollar experienced a significant decline due to the impact of the global financial crisis, reaching a low point of around $0.60 against the US dollar.

15/10/2004: Introduction of New Iraqi Dinar

A new series of banknotes with enhanced security features was introduced to replace the previous Iraqi dinar notes.

20/03/2003: US-led Invasion of Iraq

The US-led invasion led to the collapse of the Iraqi government, causing instability and a sharp decline in the value of the Iraqi dinar.

30/06/1996: Introduction of the polymer banknotes

Australia introduced polymer banknotes, replacing the paper-based banknotes, enhancing their durability and security features.

02/08/1990: Iraq invades Kuwait

Iraq's invasion of Kuwait resulted in international economic sanctions and further devaluation of the Iraqi dinar.

08/03/1983: Floating of the Australian dollar

The Australian dollar was fully floated and allowed to fluctuate freely on the foreign exchange market, leading to increased volatility.

22/09/1980: Iran-Iraq War Begins

The Iran-Iraq war started, leading to significant economic challenges and inflation which impacted the Iraqi dinar.

12/12/1971: End of the fixed exchange rate

Australia shifted from a fixed exchange rate to a flexible exchange rate, allowing market forces to determine the value of the Australian dollar.

13/02/1966: Decimalisation of the Australian currency

Australia adopted decimal currency, replacing the pound with the Australian dollar, symbol 'A$'.

03/10/1932: Independence of Iraq

The Iraqi dinar was introduced as the official currency of Iraq following its independence from British occupation.
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