Based on a comparison of 20 countries in 2011, Australia ranked the highest in real effective exchange rate (unit labour costs - 15 trading partners, 1999=100) a with 150 Index, 1999=100 followed by Norway and New Zealand. On the other end of the scale was Turkey with 70.4 Index, 1999=100, Japan with 75.7 Index, 1999=100 and USA with 80.8 Index, 1999=100.
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