In late 2010 the National Bank of Australia offered a 4 percent interest rate on a savings account while Bank of America offered 2 percent. This difference means that

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Interest rate parity suggests that the difference in interest rates between two countries is equal to the expected change in exchange rates. Thus, a 2% interest rate difference implies an expected 2% appreciation of the U.S. dollar against the Australian dollar.

In Late 2010 the National Bank of Australia Offered a 4