International Parity Conditions/PPP Theory Question

Can PPP theory explain the reason(s) for the decline in the AUD against the USD during the global financial crisis (see 2008Q2 to 2009Q1)? Calculate the percentage change in the USD/AUD exchange rate over this period. What other economic factors could have been at play? Provide commentary

Exchange Rate Real GDP Growth Rate (%) Rates of Inflation (%) Interest Rate (%) USD/AUD United States Australia United States Australia United States Australia 30/03/2021 0.760 0.547% 1.278% 1.894% 0.943% 1.328% 1.406% 30/12/2020 0.769 -2.263% -0.929% 1.211% 0.861% 0.856% 0.886% 30/09/2020 0.717 -2.888% -3.646% 1.261% 0.693% 0.643% 0.879% 30/06/2020 0.689 -9.084% -6.204% 0.430% -0.261% 0.682% 0.899% 30/03/2020 0.616 0.631% 1.389% 2.099% 2.279% 1.359% 1.002% 30/12/2019 0.700 2.569% 2.138% 2.026% 1.842% 1.790% 1.129% 30/09/2019 0.674 2.318% 1.926% 1.763% 1.674% 1.793% 1.104% 28/06/2019 0.702 2.111% 1.650% 1.849% 1.502% 2.335% 1.636% 29/03/2019 0.710 2.153% 1.931% 1.608% 1.242% 2.649% 2.115% 28/12/2018 0.704 2.321% 2.374% 2.217% 1.695% 3.043% 2.609% 28/09/2018 0.724 3.053% 2.703% 2.612% 1.977% 2.922% 2.621% 29/06/2018 0.739 3.296% 3.247% 2.683% 2.074% 2.919% 2.744% 30/03/2018 0.767 3.015% 3.077% 2.226% 1.991% 2.753% 2.775% 29/12/2017 0.782 2.718% 2.452% 2.115% 2.095% 2.370% 2.647% 29/09/2017 0.785 2.267% 3.018% 1.969% 1.830% 2.238% 2.649% 30/06/2017 0.767 2.147% 2.080% 1.919% 1.930% 2.254% 2.502% 30/03/2017 0.767 1.885% 2.122% 2.551% 2.126% 2.443% 2.765% 30/12/2016 0.724 2.004% 2.732% 1.807% 1.385% 2.129% 2.491% 30/09/2016 0.765 1.648% 2.274% 1.157% 1.391% 1.561% 1.928% 30/06/2016 0.745 1.368% 3.230% 1.110% 1.021% 1.746% 2.315% 30/03/2016 0.770 1.648% 2.685% 0.992% 1.311% 1.908% 2.586% 30/12/2015 0.729 1.875% 2.689% 0.400% 1.690% 2.182% 2.773% 30/09/2015 0.702 2.183% 2.474% 0.159% 1.411% 2.217% 2.772% 30/06/2015 0.769 3.040% 1.886% 0.037% 1.508% 2.158% 2.758% 30/03/2015 0.764 3.761% 2.248% -0.113% 1.328% 1.961% 2.540% 30/12/2014 0.820 2.564% 2.084% 1.164% 1.622% 2.268% 3.181% 30/09/2014 0.875 2.831% 2.559% 1.791% 2.310% 2.488% 3.476% 30/06/2014 0.944 2.452% 2.877% 2.080% 3.110% 2.613% 3.833% 28/03/2014 0.924 1.294% 2.776% 1.430% 2.930% 2.758% 4.136% 30/12/2013 0.891 2.532% 2.387% 1.207% 2.745% 2.731% 4.106% 30/09/2013 0.935 1.920% 2.087% 1.505% 2.264% 2.697% 3.865% 28/06/2013 0.915 1.296% 1.865% 1.415% 2.388% 1.973% 3.327% 29/03/2013 1.043 1.616% 2.193% 1.740% 2.503% 1.934% 3.468% 28/12/2012 1.038 1.566% 2.835% 1.904% 2.102% 1.693% 3.105% 28/09/2012 1.040 2.593% 3.472% 1.685% 1.906% 1.626% 3.057% 29/06/2012 1.025 2.374% 4.237% 1.888% 1.208% 1.806% 3.358% 30/03/2012 1.036 2.600% 4.677% 2.829% 1.524% 2.027% 3.980% 30/12/2011 1.025 1.523% 3.439% 3.345% 2.990% 2.036% 4.101% 30/09/2011 0.972 0.918% 3.312% 3.716% 3.423% 2.398% 4.553% 30/06/2011 1.071 1.738% 2.640% 3.346% 3.653% 3.189% 5.326% 30/03/2011 1.031 2.031% 1.976% 2.148% 3.361% 3.443% 5.516% 30/12/2010 1.012 2.788% 2.761% 1.230% 2.646% 2.848% 5.337% 30/09/2010 0.968 3.349% 2.474% 1.203% 2.882% 2.768% 5.041% 30/06/2010 0.845 2.927% 2.080% 1.775% 3.011% 3.472% 5.527% 30/03/2010 0.919 1.768% 2.123% 2.353% 2.919% 3.703% 5.557% 30/12/2009 0.893 0.082% 2.643% 1.488% 2.052% 3.448% 5.462% 30/09/2009 0.883 -3.138% 1.426% -1.607% 1.188% 3.500% 5.449% 30/06/2009 0.808 -3.995% 1.889% -0.942% 1.528% 3.298% 5.029% 30/03/2009 0.680 -3.282% 1.553% -0.184% 2.323% 2.711% 4.226% 30/12/2008 0.691 -2.540% 1.675% 1.596% 3.695% 3.227% 4.802% 30/09/2008 0.789 0.242% 2.640% 5.253% 4.989% 3.848% 5.966% 30/06/2008 0.960 1.380% 3.009% 4.310% 4.447% 3.866% 6.366% 28/03/2008 0.919 1.447% 3.372% 4.137% 4.268% 3.659% 6.153% 28/12/2007 0.877 2.161% 3.724% 4.031% 2.999% 4.267% 6.137% 28/09/2007 0.885 2.399% 4.557% 2.349% 1.848% 4.734% 6.020% 29/06/2007 0.848 1.939% 4.940% 2.665% 2.095% 4.846% 6.011% 30/03/2007 0.808 1.541% 4.505% 2.432% 2.482% 4.676% 5.804% 29/12/2006 0.788 2.609% 3.197% 1.965% 3.337% 4.625% 5.651% 29/09/2006 0.746 2.328% 2.721% 3.340% 3.837% 4.896% 5.738% 30/06/2006 0.743 2.977% 2.307% 3.924% 3.995% 5.063% 5.698% 30/03/2006 0.714 3.225% 2.587% 3.691% 3.045% 4.577% 5.279% 30/12/2005 0.734 2.983% 3.179% 3.675% 2.693% 4.487% 5.395% 30/09/2005 0.764 3.448% 3.114% 3.820% 3.090% 4.215% 5.202% 30/06/2005 0.762 3.607% 2.792% 2.923% 2.481% 4.159% 5.299% 30/03/2005 0.773 3.909% 3.019% 3.035% 2.369% 4.304% 5.476% 30/12/2004 0.777 3.356% 3.058% 3.385% 2.638% 4.177% 5.348% 30/09/2004 0.724 3.491% 3.968% 2.675% 2.276% 4.301% 5.568% 30/06/2004 0.697 4.235% 4.927% 2.786% 2.545% 4.597% 5.869% 30/03/2004 0.755 4.353% 4.578% 1.818% 1.906% 4.010% 5.570%