Flucations In The Australian Dollar The Australian Dollar is a "Commodity Currency". A "Commodity Currency" content that its fortunes argon heavily dependent on the prices of Gold, Copper, Nickel, Coal and Wool. each(prenominal) of these commodities atomic number 18 Australias main exports. At present, commodity prices are low, curiously capital. Melbourne-based mining consultant Surbiton Associates said exports of Australian gold were in danger of declining if exploration failed to be supported and achievement declined as a result. The country produces about $5 one one thousand million million worth of gold each year and everyplace the past 10 years the metal has earned $42 one thousand thousand in export revenue.
Presently, our clam has been the weakest in history, comparable to the join States (US) dollar. The record low occurred in early April where it sank to 47.75 US cents. Compared to the US dollar, our Australian dollar buys at present 50.81 US cents. (27 July 2001). It is false to determine what started the...If you want to contribute a full essay, purchase order it on our website:
BestEssayCheap.comIf you want to get a full essay, visit our page:
cheap essay
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.