The level of intermediaries» interest
rates for households and small businesses remains historically low —
in particular, notwithstanding the fact that the cash
rate exceeds by 1.5 percentage
points its level
at the previous cyclical trough
in 1993/94,
rates paid by borrowers, especially for housing, typically remain below their level
at that
time.
«Exchange
Rate» means the amount of AVG distributed per ETH or BTC or BCC or fiat
at a
particular point in time as published on the AvantGarde
Ratings Site immediately prior to the launch of the Token Sale.