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Euro before Brexit has maintained a higher value than the dollar since its creation. However, post-Brexit it depreciated slightly from 0.9109 and now stands at 0.88260 compared to the U.S. Dollar value of 1, meaning it appreciate in value within the time span of one month. The Australian Dollar has maintained a lower value than the U.S. Dollar. However, in the month of August it hit a dip of 1.29, appreciating in value. The same thing happened to the Canadian Dollar, which has always had lower value than the U.S. dollar but saw an increase in value going down to 1.28637 from 1.3212. The Japanese Yen took the same route appreciating in value from 106.55 to 100.18. The same as well for the Chine Yuan which started in July with 6.68 and now stands at 6.64879.In regards to 4 years ago, the euro maintained a similar value at 0.82. However, as time has shown, it has depreciated in value increasing the numbers from .81 to .88. The Australian Dollar depreciated in value greatly since 2012. Their rate was 0.96 (OANDA, 2016). This meant it was more expensive to buy things in Australia with the U.S. dollar value than it was...
The same can be said of the Japanese Yen. In 2012, the rate for the yen was 78.50, much lower than its current rate of 100 (Usforex, 2016). The Chinese Yuan maintained fairly the same value then as it does now at 6.37.
Considering all the findings, the dollar depreciated among all the currencies, lowering in value throughout the 30 days, even with the currencies known to maintain a lower value than the U.S. dollar. Although the Japanese Yen has the lowest value among the currencies, the Chinese Yuan seems to be the easiest currency to contend with whilst abroad. China appears to be the least expensive place for an American tourist because of the higher value of the U.S. Dollar and the lack of effort to match U.S. dollar prices. The most expensive would have to be countries that have the Euro. They implement higher prices and the Euro is worth more than the U.S. dollar.
The most comparable would have to be the Japanese yen because they maintain roughly the same prices as U.S. dollar prices. For…
Currency Markets The currency exchange market is an inter-bank or inter-dealer market that was established in 1971 when floating exchange rates began to materialize. Trading is not centralized, as is the case with many stock markets (i.e. NYSE, ASE, CME) or as the case for currency futures and currency options, which trade on special exchanges. Dealers often "advertise" exchange rates using a distribution network, then use the information "agree" to a
References Antweiler, W., the EURO - Europe's New Currency, the University of British Columbia, Sauder School of Business, 2001 http://fx.sauder.ubc.ca/euro/last accessed on July 21, 2008 Vatahov, I., Bulgaria's Prospects of Joining the Eurozone, the Sofia Echo, March 20, 2006 Waterfield, B., Bulgaria Threatens EU Treaty with Veto Over Euro, Telegraph http://www.telegraph.co.uk/news/worldnews/1566069/Bulgaria-threatens-EU-treaty-veto-over-Euro.htmllast accessed on July 21, 2008 Bulgaria and the Euro, Official Website of the European Commission, 2008, http://ec.europa.eu/economy_finance/the_euro/your_country_euro8956_en.html. Ast accessed on July 21, 2008 Economic and Financial
The study of trends is common ground for both technical analysis and fundamental analysis. While technical analysis looks trends in price and volume fundamental analysis focuses on economic and corporate growth trends and the forecast of performance using the trends of relevant factors. The basis of any long-term trend in price and volume for all securities and stocks is rooted in fundamentals. Technical analysis grows on looking at changing
Fastpack has an impressive, solid position on the Ruritanian courier market. The company does not necessarily need to be acquired by TNT. In my opinion, Fastpack would have more to gain if it were not acquired by TNT. Fastpack has a market share base on the international market that the company can further exploit and expand, leading to overall growth for the company, both locally and internationally. TNT however, needs
Honolulu International Airport (HNL) is one of the world's largest, oldest, and most beautiful airports. As the principal aviation gateway of the city and county of Honolulu on Oahu in the State of Hawaii, HNL is also identified as one of the busiest airports in the United States. Total traffic now exceeds 21 million passengers a year and is rising (Honolulu International Airport, 2016). Owned and operated by the State of Hawaii
Financial Analysis of Mcdonald A financial analysis McDonald's Cor Company Overview McDonald Corporation is a global company that conducts business in 117 countries. McDonald operates 32,737 restaurants and 26,338 franchises in the highly competitive fast food industry. Since 1940, McDonald has built a loyal customer base by continuing dedicating to customer service and providing high quality fast food for customers. Presently, McDonald could boast of over 60 millions customers and the company