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Eco predictions/thoughts (3 Viewers)

jhjh061004

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just to confirm nesa markers wont fact check u on quotes right.... if I just make them up on the spot and some random economist
 
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I don't think so, I think the answers r wrong, bc an appreciation in aud would decrease international competitiveness no? and the TOT have obvi improved.
Isn't that a depreciation in aud? AUD/USD meaning in the basic form it's 0.9 whatever = 1 and 1.1 = 1. Thereby 1 USD is worth that much more in yr 2 than 1.
 

radish33

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Isn't that a depreciation in aud? AUD/USD meaning in the basic form it's 0.9 whatever = 1 and 1.1 = 1. Thereby 1 USD is worth that much more in yr 2 than 1.
its confusing asf cuz AUD/USD is the convention for expressing indirect quotation, even though to actually calculate it u divide USD by AUD

from RBA explainer:
"The AUD/USD exchange rate gives you the amount of US dollars that you will receive for each Australian dollar that you convert (or sell). For example, an AUD/USD exchange rate of 0.75 means that you will get USD 75 cents for every 1 AUD."
 
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its confusing asf cuz AUD/USD is the convention for expressing indirect quotation, even though to actually calculate it u divide USD by AUD

from RBA explainer:
"The AUD/USD exchange rate gives you the amount of US dollars that you will receive for each Australian dollar that you convert (or sell). For example, an AUD/USD exchange rate of 0.75 means that you will get USD 75 cents for every 1 AUD."
That's so stupid
 

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