Date/year Currency Selling TT & OD Buying TT Clear Buying OD/T.CHQ 30-Jun-1999 UD$ 51.9 51.4 51.3703 29-May-2000 UD$ 51.9 51.4 51.3747 30-May-2001 UD$ 63.5 63 62.88 30-May-2002 UD$ 60.5 60 59.92 30-May-2003 UD$ 57.75 57.55 57.47 29-May-2004 UD$ 57.8 57.6 57.52 30-May-2005 UD$ 59.7 59.5 59.39 30-May-2006 UD$ 60.4 60.2 60.07 30-May-2007 UD$ 60.83 60.63 60.46 30-May-2008 UD$ 67 66.8 66.62 30-Apr-2009 UD$ 80.45 80.25 80.07 Monthly Chart from
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Our Economy Glossary: Appreciation: An upward movement of the Australia dollar (or any currency) against another currency. Balance of trade: The difference between the value of a nations imports and the value of its exports. Business cycle: The cyclical fluctuations in the level of economic activity that an economy goes through over time. Comparison rate: Loan interest rates calculated after adding fees and charges to the lender’s advertised rate. Consumer Price Index: (CPI)
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Ash Chen IB Economics SL Mr. Murf Exchange Rates and The Balance of Payments Exchange Rates Living in the 21st century‚ trading has become a major component of our global economy. However‚ with over 200 countries and 180 currencies in the world‚ countries cannot trade with each other without a way to pay each other in their currency. Thus‚ in order to trade‚ countries have developed a formula to convert their money to that of another country’s. That formula is the exchange rate. The exchange
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Week 5 Knowledge Check Study Guide Concepts Mastery TRADE DEFICITS Questions 100% 1 100% 2 TRADE TARIFFS 100% 3 TARIFFS 100% 4 EXCHANGE RATES 100% 5 TRADE RESTRICTION 100% 6 INTERNATIONAL TRADE; Score: 6 / 6 Concept: TRADE DEFICITS Mastery 1. 100% Questions 1 In the U.S. current account‚ most of the trade deficit results from an excess of imported A. merchandise and services B. merchandise C. services D. transfer Correct: The Correct Answer is: B. Concept: INTERNATIONAL
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“How can I explain the difference in currency (strength or weakness) by comparing the type of imports and exports in Mexico and USA?” Generally a strong currency is defined by a stable and high value in comparison to other currencies. A weak currency shows fluctuations in its value and it is seen by other economies as a relatively cheap currency. The strength or weakness is influenced by exports and imports and influences exports and imports. Theoretically speaking more exports from an economy
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CONTENT I. Introduction 1. The concept of derivatives market 2. The situation of the stock market and forex market in Vietnam II. Influences of derivatives market as well as on Securities Market Forex market at Vietnam 1. Stock Market a. Growth stock market b. Debt leverage 2. Forex market a. Increase the value of domestic currency b. Exchange rate fluctuations III. Conclusion. I. Introduction 1. Derivative Market The derivatives market is the financial
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The Chinese government originally pegged the value of the yuan against the U.S. dollar in an attempt to compete with the U.S. and the rest of the world. Because China is an export driven economy‚ the government thought exports would be less expensive with the pegged value of the yuan. This is a possible benefit of pegging the value of the yuan against the U.S. dollar or any other foreign currency. Therefore‚ the pegged exchange rate undervalued the yuan by as much as 40%. This fueled a boom in Chinese
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Economic crisis has been a common phenomenon all over the world in the past century. A country experiences a sudden down turn brought about by a financial crisis‚ financial assets lose a large part of their value‚ a falling GDP‚ drying up of liquidity‚ rising or falling of prices due to inflation or deflation all being common characteristics of an economic crisis which can take the form of a recession or a depression. According to Dr. Tarek H. Selim in his research titled “A Comparative Essay
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Cameroon - All Economic Indicators (2011) Growth Indicator | Level | Units | As Of | 1Y Chg | ~5Y Ago | ~10Y Ago | ~25Y Ago | GDP | 26 | Billion USD | 2011 | 14.16% | 20 | 11 | 14 | GDP Per Capita | 1‚225 | USD | 2011 | 11.38% | 1‚084 | 663 | 1‚325 | GDP Per Capita at PPP | 2‚259 | USD at PPP | 2011 | 3.83% | 2‚096 | 1‚817 | 1‚880 | GDP as Share of World GDP at PPP | 0.06% | % of World GDP | 2011 | 0.00% | 0.06% | 0.07% | 0.10% | Real GDP | 9‚495 | Billion USD | 2011 | 4.20% | 8‚465
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INTRODUCTION OF THE STUDY The topic is selected for the project is the Gold price fluctuations and gold as a investment. I selected this topic because of the change in the price of gold and people’s interest in investing in gold as an investment. This topic is selected due to the fluctuating nature of gold and changing trend of gold price. Nowadays people tend to invest their money in gold so as they can increase their investment according to the price of gold at that particular period.
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