Flucations In The Australian Dollar The Australian Dollar is a "Commodity Currency". A "Commodity Currency" fill 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, particularly 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 million 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 film a full essay, purchase order it on our website:
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