Description
This article explains what has an effect on the value of the Australian dollar against other major currencies. Although it might seem unimportant to most people, it does influence everyday living costs and, in many cases, superannuation balances.
Introduction
You might think that only importers and exporters pay attention to the value of the Aussie dollar, but movements in the exchange rate affect us all.
What are the main influences on exchange rates? Ultimately it comes down to supply and demand, and that can be determined by a number of things:
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