Although local Australian media believe that this year's currency sharp decline indicates risks, the depreciation of the Australian dollar has benefited other economic industries. Most of the 400 billion Australian dollars (approximately US$284.64 billion) in Australia’s annual exports are assets denominated in US dollars, and the depreciation of the Australian dollar allows the export industry to gain benefits from the superimposed effect. Therefore, when the Australian dollar fell, exports surged, bringing huge profits to national income and exporters.
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