Category: Finance
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Looking Ahead: AUD to INR Forecast
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Overview Australia took an approach to its exchange rate policy that set it apart from developed economies. After adopting a floating exchange rate, Australia gradually shifted towards a more flexible system. The significant turning point came in 1983, when the Australian dollar started to float and capital controls were lifted. Alongside this change, there were…
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Factors Affecting The Economic Outlook of Euro (European Union)
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The European Union achieved the introduction of the euro currency on January 1, 1999. This had been a long-term objective since the Maastricht Treaty in 1993, which had sought to establish an Economic and Monetary Union by 1999, excluding the UK and Denmark. In practice, the euro notes and coins began circulating in 2002 and…
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Stability in a Dynamic World: Understanding Fixed Exchange-Rate Systems in India
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The economic structures found in India are multifaceted, similar to the country’s cultural and geographical diversities. The management of the currency exchange rates in India is very essential in the global market for stability, trade liberalization, and economic growth. Among these, the fixed exchange rate system can be regarded as one of the most vital…
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Unveiling the Contrast Between Money and Currency
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Since laymen frequently confuse the two words “Money” and “Currency,” they have distinct meanings and implications within the discipline of economics. This blog post is going to make sense of the confusing differences between money and currency, delving deeper into their functioning, features, and significance in the complex tapestry of the world financial landscape. Besides,…