AUD/JPY Exchange Rate History — Historical Data & Charts
The AUD/JPY exchange rate has ranged from approximately 55 to 108 yen per Australian dollar over the past two decades. The table below shows monthly open, high, low, and close values for the AUD/JPY pair, sourced from live market data.
Monthly AUD/JPY Exchange Rates
| Month | Open | High | Low | Close |
|---|---|---|---|---|
| Apr 2026 | 75.26 | 76.11 | 69.47 | 72.69 |
| Mar 2026 | 111.07 | 113.95 | 61.05 | 109.51 |
| Feb 2026 | 107.79 | 111.48 | 106.88 | 111.07 |
| Jan 2026 | 104.49 | 109.00 | 104.49 | 107.79 |
| Dec 2025 | 102.13 | 105.21 | 101.52 | 104.72 |
| Nov 2025 | 100.93 | 102.46 | 98.83 | 102.14 |
| Oct 2025 | 97.29 | 101.20 | 96.30 | 100.95 |
| Sept 2025 | 96.44 | 98.42 | 96.33 | 97.83 |
| Aug 2025 | 95.31 | 96.83 | 94.39 | 96.25 |
| July 2025 | 94.35 | 97.43 | 94.13 | 96.93 |
| June 2025 | 92.65 | 94.84 | 92.06 | 94.56 |
| May 2025 | 92.88 | 95.62 | 91.67 | 92.67 |
| Apr 2025 | 94.20 | 94.55 | 86.18 | 91.70 |
| Mar 2025 | 93.78 | 95.74 | 91.85 | 93.55 |
| Feb 2025 | 95.44 | 97.27 | 92.74 | 93.48 |
| Jan 2025 | 97.66 | 99.15 | 95.62 | 95.76 |
Key Milestones in AUD/JPY History
The AUD/JPY exchange rate has been shaped by major global economic events over the past two decades. Understanding these historical turning points provides context for the pair's current level and potential future direction.
2007–2008: Pre-GFC Peak and Crash
AUD/JPY peaked near 107.80 in October 2007, driven by record commodity prices and an enormous interest rate differential. The RBA cash rate stood at 6.75% while the BOJ held at just 0.5%, making the carry trade — borrowing yen to invest in AUD assets — extremely profitable. When the Global Financial Crisis hit in 2008, the unwinding of these leveraged positions sent AUD/JPY plummeting to 55.05, a decline of nearly 50% in 12 months.
2012–2015: Post-GFC Recovery
AUD/JPY recovered gradually as global risk appetite returned and commodity demand from China's infrastructure boom supported the Australian dollar. The pair climbed back above 100 in late 2014, aided by the BOJ's aggressive quantitative easing program under Governor Kuroda, which weakened the yen substantially. However, the end of Australia's mining investment boom and falling iron ore prices capped further gains.
2020: COVID-19 Pandemic
The March 2020 COVID-19 crash sent AUD/JPY briefly to around 59.90 as markets panicked and carry trades unwound again. However, the recovery was remarkably swift — massive central bank stimulus, commodity price rebounds, and risk appetite pushed AUD/JPY back above 80 within months. The pair continued climbing as vaccination programs rolled out and global growth recovered.
2022–Present: Rate Divergence Era
The post-pandemic period has been defined by extreme monetary policy divergence. The RBA began an aggressive rate-hiking cycle in May 2022 to combat inflation, eventually raising the cash rate from 0.10% to 4.35%. Meanwhile, the BOJ maintained its ultra-loose policy including yield curve control until early 2024. This widening interest rate gap pushed AUD/JPY to multi-year highs, though BOJ policy normalisation in 2024 introduced a new source of volatility.
What Drives Long-Term AUD/JPY Trends
Over multi-year horizons, AUD/JPY is driven by the commodity super-cycle (iron ore, coal, and LNG prices), the interest rate differential between the RBA and BOJ, and structural shifts in Japan's trade balance and capital flows. Australia's transition toward renewable energy exports (critical minerals, hydrogen) may create new long-term demand drivers for the Australian dollar, while Japan's demographic challenges and fiscal position weigh on the yen's long-term outlook.
Frequently Asked Questions
What was the highest AUD/JPY exchange rate in history?
AUD/JPY reached its all-time high of approximately 107.80 in October 2007 during the pre-GFC commodity boom. The pair was supported by record iron ore prices, a wide interest rate differential (RBA at 6.75% vs BOJ at 0.5%), and aggressive carry-trade positioning. The rate collapsed to around 55 during the 2008 financial crisis.
What was the lowest AUD/JPY exchange rate?
AUD/JPY hit a modern low of approximately 55.05 in October 2008 during the Global Financial Crisis. The collapse was driven by a massive unwinding of carry trades as global risk appetite evaporated. More recently, the pair dipped to around 59.90 during the March 2020 COVID-19 crash before recovering quickly.
How has AUD/JPY performed over the last 5 years?
Over the past five years, AUD/JPY has traded in a wide range driven by the pandemic crash and recovery, divergent monetary policy (RBA hiking while BOJ held), and shifting commodity demand. The table above shows detailed monthly data for the most recent period.
Does AUD/JPY follow a seasonal pattern?
AUD/JPY does not have a reliable seasonal pattern, but it tends to correlate with global equity markets and commodity cycles. Risk-on periods (equities rallying, commodities rising) generally support AUD/JPY, while risk-off events (market selloffs, geopolitical crises) typically push the pair lower due to yen safe-haven demand.
How did the 2008 financial crisis affect AUD/JPY?
The 2008 GFC caused AUD/JPY to drop nearly 50% from its October 2007 peak of 107.80 to a low of 55.05 in October 2008. This was one of the sharpest declines in any major currency pair. The crash was amplified by the forced liquidation of massive carry-trade positions, as investors who had borrowed yen to buy AUD unwound their positions simultaneously.