Not exact matches
Between late 1998 and the middle of 1999, the Australian dollar appreciated by around 6 per
cent, both in import - weighted terms and
against the
major currencies, retracing around half of the earlier depreciation.
From its early 2002 peak, the US dollar has fallen by 24 per
cent on the
major currency TWI but only 13 per
cent on the broader measure, which includes several
currencies that are either directly linked to the US dollar or closely managed
against it.
They are also worried that despite the huge crash in value of the Naira
against world's
major currencies, CBN maintained its official rate at N197 / USD1 thereby creating wider parallel market margin of about 50 per
cent, the highest so far in the history of Nigeria's
currency market.
The Australian dollar has fallen to a new four month low as the US dollar rallies
against most
major currencies after US Treasury bonds broke the three per
cent mark.