Historical Exchange Rates
Notes: Exchange Rates may change throughout the day and may differ at the time of booking,and up-to the minute rates may be obtained by contacting any bank branch. Rates can only be guaranteed at the time the purchase or sale is conducted.
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A computerized trading system permits global currency trading The system preferably includes multiple affiliates at the local level, each in a different country, that act as introducing agents Between these local affiliates there is a global exchange or hub, with the local affiliates and the global hub being arranged in a hub-and-spoke arrangement
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China is the lynchpin They have pegged their currency to ours, stuck tight as a tick, while at the same time they're pouring their assets and their reserves into Australian real estate and commodities, hedging the decline of the US dollar by buying rising AU dollar instruments
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