Question
In an alternative universe, the Australian Dollar (AUD) is a fixed-rate currency. The Australian Reserve Bank decided to revalue the Australian Dollar by 17% relative
In an alternative universe, the Australian Dollar (AUD) is a fixed-rate currency. The Australian Reserve Bank decided to revalue the Australian Dollar by 17% relative to the previous rate of USD1.99/AUD in the year before.
How much has the US Dollar (USD) appreciated or depreciated relative to the Australian Dollar (in percentage terms)?
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If the Australian Dollar AUD is revalued by 17 relative to the previous rate of USD199AUD it means t...
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Fundamentals of Futures and Options Markets
Authors: John C. Hull
8th edition
978-1292155036, 1292155035, 132993341, 978-0132993340
