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Exotic pairs involve one major currency and one currency from an emerging market, such as the USD/MXN (US dollar vs. Mexican peso) or the USD/ZAR (US dollar vs. South African rand). Exchange Rates The exchange rate is the price at which one currency can be exchanged for another. ...
(b) On October 4, 2023, the Company issued a convertible note payable of $20 in exchange for cash to a member of the Company’s Board of Directors. The convertible note is unsecured, bears interest at rate of 10% per annum and matured in March 2024. The convertible note payable is co...
to the boom in the mining sector. But some soft patches remain. The August employment report saw a drop in jobs and a rise in unemployment to 5.3%. The housing sector also remains subdued and manufacturing continues to struggle under the pressure of a strong exchange rate. Some survey ...
EXCHANGE RATE Since 1983, Australia has had a floating exchange rate. The Reserve Bank may undertake foreign exchange market operations when the market threatens to become excessively volatile or when the exchange rate has clearly ��overshot�� a level consistent with underlying economic funda...