Rate of exchange

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RATE OF EXCHANGE. Among merchants, by rate of exchange is understood the price at which a bill drawn in one country upon another, may be sold in the former.

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2% higher than in the same period last year, at fixed rates of exchange.
Iceland's 10-month trade deficit ISK109bn
At constant rates of exchange sales improved 9% to US $13,893 million over the corresponding quarter last year.
Unilever reports $1 billion net profit at half year
For comparison purposes the trends have also been shown on page 5 based on constant average rates of exchange for 1994.
UNILEVER ANNOUNCES FOURTH QUARTER AND FULL YEAR 1995 RESULTS
Sales in the third quarter, expressed at constant rates of exchange, rose by 6% to US $12,487 million and operating profit improved by 9% to US $1,274 million.
Unilever reports $765 million net profit for third quarter

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