Exchange rate between australian dollar and us dollar

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Reference no: EM131048232

Suppose that one year ago, the exchange rate between the Australian dollar and the US dollar was: 1 AUD = 1.0758 USD and today the exchange rate is: 1 AUD = 1.0237 USD.

(a) Calculate the percentage change in the value of the US dollar.

(b) Calculate the percentage change in the value of the Australian dollar.

Reference no: EM131048232

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