Based on a comparison of 20 countries in 2011, Australia ranked the highest in real effective exchange rate (unit labour costs - 12 trading partners, 1999=100) a with 147 Index, 1999=100 followed by New Zealand and Norway. On the other end of the scale was Turkey with 69.1 Index, 1999=100, Japan with 74.4 Index, 1999=100 and USA with 79.2 Index, 1999=100.
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