interpret the three graphs in the form of this reference:From the figures above, it can be seen that the movements between EUR, JPY, USD, and MYR against AUD within the year 2019 to 2022 are all highly correlated and highly volatile. It can also be seen in figure 1.1 that JPY is more highly negatively correlated against the AUD compared to the other currencies. Moreover, Australia has a floating exchange rate which means its dollar is affected by the supply and demand in its foreign markets (Reserve Bank of Australia (a) n.d.). The Reserve Bank of Australia's decision to cut interest rates to a new record of 0.5% due to the coronavirus outbreak had weakened the Australian dollar against many foreign currencies which led traders to seek higher yields elsewhere (Tan 2020). Moreover, AUD is a risk-on currency thus, it is heavily dependent on export commodities as it contributes a lot to its economic well-being (HSBC Expat 2022). Because of that, the global pandemic has had investors reaching out to safe haven currencies such as EUR, JPY, and USD. The demand for commodities such as iron ore and coal from Europe and Japan had declined as well. Not only that, but commodities prices also fell by 3.7%. At that time, export prices were not corresponding well with the upwardly moving import prices which showed that the Australian economy was not doing well (Reserve Bank of Australia (b) 2020). Furthermore, as Malaysia is one of the major oil producers, the plunge of crude oi