[AzzarTheGod]

Originally Posted by entruil [You must be logged in to view images. Log in or Register.]

Reserve_Bank_of_Australia

'The float of the Australian dollar happened in 1983, around the same period of time that the financial system in Australia was deregulated.'

Floating_exchange_rate

'A floating currency is contrasted with a fixed currency whose value is tied to that of another currency, gold or to a currency basket.'

Uh so Australian can only float their currency because of the stability of the British Pound and/or American Dollar and fixed charity exchange rate to enforce the value