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exchange rates

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dradford:
Hey, I'm pretty sure Bilateral exchange rate is when the dollar is determined against a single currency e.g US. However, this can make misleading impressions as there are many factors affecting both the value of the Australian dollar and the US dollar so to look at just their exchange rate, misleading assumptions about the rate of appreciation/depreciation could be made. On the other hand, the TWI - Trade Weighted Index measure of the value of the Australian dollar against a basket of foreign currencies of major trading partners. The currencies are weighted according to their significance to Australia's trade flows.  :D

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