in just six years. This happened for two reasons. The, australian Dollar is currently the fifth-most-traded currency in world foreign exchange markets. 2013 - forex com bitcoin The euro started the year.32. Investors hoped the ECB would end its QE program and begin raising interest rates. It regained its strength, ending the year.20.
The complex interactions of these factors determine the bitcoin nigeria energy currency's price at any given moment. Debt, which at that time was 13 trillion, caused them to flee the dollar and dollar-denominated bonds. It strengthened.40 by February 1 in response to signs that the eurozone debt crisis was being addressed. At the same time, the ECB raised its key interest rate.5 percent. They use the funds to invest in British pounds, which paid a higher interest rate. The risk of renewing a recession offset the possibility of a higher return in holding euros or euro-denominated bonds or investments. Second, investors take into account the debt levels of individual countries, such. Several countries use the.S.