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You are given the following information on 31/08/2019: USD/AUD exchange relative (multiplied by 100) 104.60 GBP/AUD exchange rate relative (multiplied by 100) 97.15 US's share

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You are given the following information on 31/08/2019: USD/AUD exchange relative (multiplied by 100) 104.60 GBP/AUD exchange rate relative (multiplied by 100) 97.15 US's share of Australia's two-way merchandise trade 50% UK's share of Australia's two-way merchandise trade 50% Calculate the geometric trade-weighted effective exchange rate of the Australia dollar against USD and GBP as at 31/08/2019. 100.88 20.08 100.81 100.15

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