Historic Australian dollar Lebanese pound

Australian dollar lebanese pound history for February 2024. The highest quote for this month is 58738.6 (24/02/2024) and the lowest 58893 (22/02/2024). The difference between high and low is -0.26.

AUD LBP average rate for February 2024 is 27349.9868, the change between 01/02/2024 and 29/02/2024 is -487.38 %.

01 February 20241 AUD = 9877.05 LBP
02 February 20241 AUD = 9861.58 LBP
03 February 20241 AUD = 9773.26 LBP
04 February 20241 AUD = 9775.81 LBP
05 February 20241 AUD = 9842.68 LBP
06 February 20241 AUD = 9726.88 LBP
07 February 20241 AUD = 9900.02 LBP
08 February 20241 AUD = 9782.53 LBP
09 February 20241 AUD = 9752.90 LBP
12 February 20241 AUD = 9774.67 LBP
13 February 20241 AUD = 9794.00 LBP
14 February 20241 AUD = 9729.83 LBP
15 February 20241 AUD = 9727.44 LBP
16 February 20241 AUD = 9788.25 LBP
19 February 20241 AUD = 9802.84 LBP
20 February 20241 AUD = 9760.73 LBP
21 February 20241 AUD = 58467.20 LBP
22 February 20241 AUD = 58651.90 LBP
23 February 20241 AUD = 58704.00 LBP
24 February 20241 AUD = 58738.60 LBP
25 February 20241 AUD = 58738.60 LBP
26 February 20241 AUD = 58665.70 LBP
27 February 20241 AUD = 58529.40 LBP
28 February 20241 AUD = 58567.90 LBP
29 February 20241 AUD = 58015.90 LBP

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.

17/10/2019: Protests against economic crisis

Mass protests erupted in Lebanon due to economic crisis, leading to further depreciation of the Lebanese pound.

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.

03/11/1997: Revaluation of the Lebanese pound

The Lebanese pound was revalued at a rate of 1,500 LBP = 1 USD, ending the fixed exchange rate with the US dollar.

30/06/1996: Introduction of the polymer banknotes

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

01/01/1986: Introduction of the parallel exchange market

The parallel exchange market was introduced in Lebanon, leading to a diverging exchange rate between the official and unofficial markets.

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.

01/01/1976: Lebanese Civil War

The Lebanese Civil War began, causing significant economic instability and devaluation of the Lebanese pound.

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$'.

01/01/1961: Pegged to the US dollar

The Lebanese pound was pegged to the US dollar at an exchange rate of 1 LBP = 1.5 USD.

27/11/1941: Devaluation of the Lebanese pound

The Lebanese pound was devalued by 41.9% following the breakup of the French franc.

01/10/1920: Lebanese pound introduced

The Lebanese pound was introduced at a fixed exchange rate of 1 pound = 20 French francs during the French mandate period.
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