Flucations In The Australian Dollar The Australian Dollar is a "Commodity Currency". A "Commodity Currency" issue that its fortunes argon heavily dependent 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, specially 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 gazillion million worth of gold each year and over the past 10 years the metal has earned $42 one thousand thousand in export revenue.
Presently, our dollar mark 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 sire a full essay, purchase order it on our website:
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