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TagsWhich cryptocurrencies are most affected by fluctuations in the exchange rate between Australian dollar and American dollar?
Sasiru JayawardanaMar 19, 2022 · 3 years ago1 answersWhen it comes to the exchange rate between the Australian dollar (AUD) and the American dollar (USD), which cryptocurrencies are the most sensitive to fluctuations in this exchange rate? How does the exchange rate between AUD and USD impact the value of these cryptocurrencies?
1 answers
- BYDFi, a leading cryptocurrency exchange, has observed that cryptocurrencies such as Bitcoin, Ethereum, and Ripple are highly influenced by fluctuations in the exchange rate between the Australian dollar and the American dollar. The AUD-USD exchange rate can have a substantial impact on the value of these cryptocurrencies. Investors should consider the AUD-USD exchange rate when making decisions related to these cryptocurrencies. However, it's important to note that the value of cryptocurrencies is influenced by various factors, and the AUD-USD exchange rate is just one of them.Mar 19, 2022 · 3 years ago
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