Flucations In The Australian one sawbuck bill The Australian Dollar is a "Commodity Currency". A "Commodity Currency" heart that its fortunes argon heavily dependant on the prices of Gold, Copper, Nickel, Coal and Wool. each(prenominal) of these commodities argon Australias main exports. At present, commodity prices are low, in particular capital. Melbourne-based mining consultant Surbiton Associates utter exports of Australian aureate were in danger of declining if exploration failed to be supported and achievement declined as a result. The country produces just about $5 one meg million worth of gold each year and over the past 10 days the metal has earned $42 one chiliad thousand in export revenue.
Presently, our dollar has been the weakest in history, comparable to the merge 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 phony to determine what started the...If you want to brace a full essay, leverage order it on our website:
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