Topic : Price change

In this topic you will learn...

Chapter 1 : Inflation: consumer price and wage rates

Chapter 2 : The effect of change in the Australian dollar

Foreign exchange involves converting one country's currency into another's.
Around $US1.3 trillion in currency is traded every day.
The demand for currency sets the value of each currency - the exchange rate.
Like interest rates, exchange rates fluctuate in response to a number of factors.
The economic performance and interest rate levels of a country affect the exchange rate, as does the political stability of the country.

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