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Between 2010Q4-2013Q1 the Australian dollar's value reached parity, and also exceeded parity against the USD. Using the data provided identify the reason(s) for the appreciation of the AUD against the USD. Is this outcome consistent with PPP?
Date
Exchange Rate
Real GDP Growth Rate (%)
Rates of Inflation (%)
Interest Rate (%)
AUD/USD
United States
Australia
3/29/2013
1.043
1.616%
2.193%
1.740%
2.503%
1.934%
3.468%
12/28/2012
1.038
1.566%
2.835%
1.904%
2.102%
1.693%
3.105%
9/28/2012
1.040
2.593%
3.472%
1.685%
1.906%
1.626%
3.057%
6/29/2012
1.025
2.374%
4.237%
1.888%
1.208%
1.806%
3.358%
3/30/2012
1.036
2.600%
4.677%
2.829%
1.524%
2.027%
3.980%
12/30/2011
1.523%
3.439%
3.345%
2.990%
2.036%
4.101%
9/30/2011
0.972
0.918%
3.312%
3.716%
3.423%
2.398%
4.553%
6/30/2011
1.071
1.738%
2.640%
3.346%
3.653%
3.189%
5.326%
3/30/2011
1.031
2.031%
1.976%
2.148%
3.361%
3.443%
5.516%
12/30/2010
1.012
2.788%
2.761%
1.230%
2.646%
2.848%
5.337%
9/30/2010
0.968
3.349%
2.474%
1.203%
2.882%
2.768%
5.041%
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