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Australias Exchange Rate
Beginning of paper
What is an exchange rate? What factors determine the exchange rate for the Australian dollar?
An exchange rate is the ratio at which a country's currency exchanges for the currency of another country. Exchange rates are typically expressed as the foreign currency equivalent of one unit of domestic currency. The exchange rate between Australia and ....
Middle of paper
....s lending or investing money overseas, and Australians paying for various services from overseas, repaying loans and paying interest on loans.
There are a number of factors influencing the demand for Australia's exports. Relative inflation rates are just one factor. To be competitive on international markets, a country's exports must be at least as.... |
| Word count: 1167 |
Page count: 5 |
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