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Can't Make Sense of AUD vs USD and EUR Exchage Rate
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Consequence of USD strengthening, AUD struggling, and EUR remaining relatively steady.
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Can't Make Sense of AUD vs USD and EUR Exchage Rate
USD gained some ground recently and USD > AUD http://www.xe.com/currencycharts/?fr...to=AUD&view=5Y is currently trading
2013 Jul at 1.08
2016 Nov at 1.31
but the EUR > AUD rate remained the same http://www.xe.com/currencycharts/?fr...to=AUD&view=5Y
2013 at 1.41
2016 at 1.43
while pair EUR > USD is trading http://www.xe.com/currencycharts/?fr...to=USD&view=5Y
2013 at 1.30
2016 at 1.06, almost 30% difference
How is this possible?
And what currency is better to spend TODAY if you have cash USD and EUR and live in Australia?Tags: None
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