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A currency pair is the quotation of the relative value of a currency unit against the unit of another currency in the foreign exchange market.The currency that is used as the reference is called the counter currency, quote currency, or currency [1] and the currency that is quoted in relation is called the base currency or transaction currency.
The currency of Australia and its territories is the Australian dollar, which it shares with several Pacific nation states. Australia's economy is strongly intertwined with the countries of East and Southeast Asia , also known as ASEAN Plus Three (APT), accounting for about 64% of exports in 2016. [ 46 ]
Historical exchange rates of Argentine currency Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 1914 2.3693 2.3750 2.3512 2.3602 2.3682 2.3682
In 2007, the government declared inflation illegal. Anyone who raised the prices for goods and services was subject to arrest. This amounted to a price freeze, which is usually ineffective in halting inflation. [51] Officials arrested numerous corporate executives for changing their prices. [52] US banknotes, collected in Zimbabwe in 2015.
The price of the gold coins fluctuate depending on the current state of the market for gold. In 2014 the government stopped minting the 1¢ coin. On 3 July 2018 cash rounding was implemented as 1¢ coins ceased being legal tender for cash payments, but the Central Bank will redeem them indefinitely in multiples of 5¢.