Historic Iraqi dinar Australian dollar

Iraqi dinar australian dollar history for December 2023. The highest quote for this month is 0.001191 (13/12/2023) and the lowest 0.001185 (11/12/2023). The difference between high and low is 0.5.

IQD AUD average rate for December 2023 is 0.00115, the change between 01/12/2023 and 31/12/2023 is +5.17 %.

01 December 20231 IQD = 0.0012 AUD
02 December 20231 IQD = 0.0011 AUD
03 December 20231 IQD = 0.0011 AUD
04 December 20231 IQD = 0.0012 AUD
05 December 20231 IQD = 0.0012 AUD
06 December 20231 IQD = 0.0012 AUD
07 December 20231 IQD = 0.0012 AUD
08 December 20231 IQD = 0.0012 AUD
10 December 20231 IQD = 0.0012 AUD
11 December 20231 IQD = 0.0012 AUD
12 December 20231 IQD = 0.0012 AUD
13 December 20231 IQD = 0.0012 AUD
14 December 20231 IQD = 0.0011 AUD
15 December 20231 IQD = 0.0011 AUD
16 December 20231 IQD = 0.0011 AUD
17 December 20231 IQD = 0.0011 AUD
18 December 20231 IQD = 0.0012 AUD
19 December 20231 IQD = 0.0012 AUD
20 December 20231 IQD = 0.0011 AUD
21 December 20231 IQD = 0.0011 AUD
22 December 20231 IQD = 0.0011 AUD
23 December 20231 IQD = 0.0011 AUD
24 December 20231 IQD = 0.0011 AUD
25 December 20231 IQD = 0.0011 AUD
26 December 20231 IQD = 0.0011 AUD
27 December 20231 IQD = 0.0011 AUD
28 December 20231 IQD = 0.0011 AUD
29 December 20231 IQD = 0.0011 AUD

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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