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one year ago the spot rate for U.S dollars for Australian dollars was USD 0.9782 per AUD. Since that time the rate of inflation in
one year ago the spot rate for U.S dollars for Australian dollars was USD 0.9782 per AUD. Since that time the rate of inflation in the U.S has been 4% greater than that of Australia. Based on the theory of relative PPP, the current spot exchange rate of U.S dollars for Australian dollars should be approximately
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