Decribe what and how the FOREX market works in Australia
Title: Decribe what and how the FOREX market works in Australia
Category: /Social Sciences/Political Science
Details: Words: 1047 | Pages: 4 (approximately 235 words/page)
Decribe what and how the FOREX market works in Australia
Category: /Social Sciences/Political Science
Details: Words: 1047 | Pages: 4 (approximately 235 words/page)
The Foreign Exchange Market is the buying and selling of various currencies. The exchange rate of the Australian dollar is the price of 1 unit (1 dollar) expressed in terms of another currency. The 2 most common measures of the exchange rate used in Australia are:
*The Exchange rate against the US dollar
*The trade-weighted index (TWI)
The measure against the US dollar is important because trading of the Australian dollar in the Forex market is highly concentrated …showed first 75 words of 1047 total…
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…showed last 75 words of 1047 total…HKD
Hungarian Forint145.602
HUF
Indian Rupee30.8986
INR
Japanese Yen78.3209
JPY
Malaysian Ringgit2.50458
MYR
Mexican Peso6.9255
MXN
New Zealand Dollar1.14189
NZD
Norwegian Kroner4.59722
NOK
Singapore Dollar1.13958
SGD
South African Rand5.29917
ZAR
South Korean Won791.118
KRW
Sri Lanka Rupee64.1304
LKR
Swedish Krona5.14032
SEK
Swiss Franc0.872187
CHF
Taiwan Dollar22.8576
TWD
Thai Baht27.4581
THB
Venezuelan Bolivar1054.56
VEB
using values from Friday, June 06, 2003
This table displays all the different currencies in the world and their relation to the
Australian dollar.
