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Old 08-15-2016, 04:32 PM
AzzarTheGod AzzarTheGod is offline
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Quote:
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
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