At the close of trading on 13 June 2006 1 sterling was worth 394.648 Hungarian forint. Did

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At the close of trading on 13 June 2006 £1 sterling was worth 394.648 Hungarian forint. Did the fact that £1 was worth so many forint indicate that sterling was then a very much stronger currency than the forint? If not, what did it indicate?

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Financial Markets And Institutions

ISBN: 9780273709190

5th Edition

Authors: Peter Howells, Keith Bain

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