Flucations In The Australian Dollar

Flucations In The Australian clam The Australian Dollar is a "Commodity Currency". A "Commodity Currency" limit that its fortunes argon heavily symbiotic on the prices of Gold, Copper, Nickel, Coal and Wool. each(prenominal) of these commodities are Australias main exports. At present, commodity prices are low, peculiarly capital. Melbourne-based mining consultant Surbiton Associates verbalise exports of Australian specie were in danger of declining if exploration failed to be supported and achievement declined as a result. The country produces some $5 one billion million worth of gold each year and over the past 10 age the metal has earned $42 one constant of gravitation thousand in export revenue.

Presently, our dollar has been the weakest in history, comparable to the associate 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 anomalous to determine what started the...If you want to adopt a full essay, obtain order it on our website: Orderessay

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