How to measure how the Australian dollar is faring independent of the US dollar
If you're interested in slower scale changes, one option is to use indexes that value a common commodity in different currencies such as the Big Mac Index.  If a Big Mac costs more in AUD but stays the same in USD, then AUD have gone up.
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How to measure how the Australian dollar is faring independent of the US dollar

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If you're interested in slower scale changes, one option is to use indexes that value a common commodity in different currencies such as the Big Mac Index.  If a Big Mac costs more in AUD but stays the same in USD, then AUD have gone up.