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Australias Exchange Rate
Part 1 of Paper
....change rate is the ratio at which a country's currency exchanges for the currency of another country. Exchange rates are typically expressed as the foreign currency equivalent of one unit of domestic currency. The exchange rate between Australia and the United States for example was $A1.00 = $US0. , (as of 2.12.99). T.... Part 2 of Paper
....e them to buy foreign currencies provide the supply of Australia dollars. These include Australians who want to buy imports from overseas, Australian tourists going overseas, Australian banks and firms lending or investing money overseas, and Australians paying for various services from overseas, repaying loans and paying interest on loans.
There are a number of factors influencing the demand for Australia's exports. Relative inflation rates are just one factor. To be competitive on internationa.... |
| Number of words: 1167 - Approximate pages: 5 |
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