{"id":13924,"date":"2020-11-24T09:07:24","date_gmt":"2020-11-24T09:07:24","guid":{"rendered":"http:\/\/onlineclassesguru.com\/index.php\/2020\/11\/24\/aussie-exchange-rates-best-for-decades\/"},"modified":"2020-11-24T09:07:24","modified_gmt":"2020-11-24T09:07:24","slug":"aussie-exchange-rates-best-for-decades","status":"publish","type":"post","link":"https:\/\/onlineclassesguru.com\/index.php\/2020\/11\/24\/aussie-exchange-rates-best-for-decades\/","title":{"rendered":"Aussie exchange rates best for decades"},"content":{"rendered":"<style type=\"text\/css\"><\/style><p>Aussie exchange rates best for decades<br \/>\n-This is the link for the article<br \/>\nAussie exchange rates best for decades.<br \/>\nhttp:\/\/news.theage.com.au\/breaking-news-business\/aussie-exchange-rates-best-for-decades-20100305-pob7.html<br \/>\nThis topic is under Macroeconomics topics<br \/>\nYou are to select an article for economic analysis\u2014with an option of possibly choosing from the topics<br \/>\nas specified by your Tutor: [Your tutor will inform you about the random selection method.] The article<br \/>\nrelates to one or more of the topics (chapters) covered in the lecture program, namely the<br \/>\nmicroeconomics and macroeconomics topics.<br \/>\nYou are to apply your economic theory to explain and analyses the article. Refer to the \u2018An inside look\u2019<br \/>\nsection at the end of each chapter in the textbook for examples. The assignment should be<br \/>\napproximately 1800- 2000 words in length and include well-labeled diagrams. A copy of the article<br \/>\nshowing date and source is to be included with the analysis.<br \/>\npresent your assignment as a report \u2013 include an executive summary page,<br \/>\nintroduction, economic concepts\/theories to be applied, analysis, conclusion and references.<br \/>\n1311012013 Print Article: Aussie erchange rates best for decades<br \/>\nXfoeaqe.cGm\u201daal<br \/>\nT=HE\u201dffiA*E<br \/>\nE Print this article I lE Close this window<br \/>\nAussie exchange rates best for decades<br \/>\nKim Christian<br \/>\nPublished:March 5,2010 \u2013 3:54PM<br \/>\nEurope just got cheaper. If low airfares haven\u2019t tempted you to Advertisement<br \/>\nbook a ticket to Europe for the northern summer, then the<br \/>\nrecord purchasing power of the Australian dollar just might.<br \/>\nThe Australian dollar this week was buying 66 euro cents and<br \/>\nmore than 60 British pence, toppling records that have been<br \/>\nheld for decades.<br \/>\nAnd analysts predict the strength of the Australian dollar to<br \/>\ncontinue until at least mid-year.<br \/>\nRoyal Bank of Scotland foreign exchange strategist Greg<br \/>\nGibbs said the Australian dollar had recentlv reached some of<br \/>\nits strongest levels against the euro.<br \/>\n\u201cClearly it\u2019s one of the best times to be travelling,\u201d Mr Gibbs<br \/>\nsaid. \u201cAnd it\u2019s likely to persist.\u201d<br \/>\nHe said Australia\u2019s economic and trade links with a strengthening Asia had played a large part in the continued<br \/>\nappreciation of the local currency.<br \/>\nThe strength of the Australian dollar has also been assisted by the nation\u2019s comparatively high interest rates, while<br \/>\nrecent concerns surrounding sovereign risk in Greece had undermined the euro.<br \/>\nHowever, Mr Gibbs warned that Australia\u2019s large need to fund itseH from international capital markets meant the<br \/>\nlocal currency could fall rapidly if funding sources dried up.<br \/>\nMr Gibbs predicts the currency will continue strengthening against the euro over the course of the year.<br \/>\nDuring London trade on Tuesday, the Australian dollar reached 66.81 euro cents, a record high since the start of<br \/>\nthe eurozone currency in January 1999.<br \/>\nThe local currency closed at 60.20 British pence on Wednesday, breaking a 25-year high.<br \/>\nIn the travel industry, Australia\u2019s steady economic recovery contrasts greatly with a slow recovery in Europe.<br \/>\nFlight Centre spokesman Hadyn Long said Australian travellers were experiencing good value, but it was difficult to<br \/>\nassess how the strong Australian dollar had affected the leisure travel market.<br \/>\n\u201cThere are a number of things that have led to the IIK and EyroRe being fairly popular this year,\u201d Mr Long said.<br \/>\n\u201cThe (Australian) dollar\u2019s one of them, but greater economic certainty and cheap fares have probably been more<br \/>\n\u2018 important.\u201d<br \/>\nAirfares had dropped in line with weaker demand in the wake of the financial crisis, he said.<br \/>\nTourists who want to lock in a high exchange rate before setting off overseas can now purchase travel cards and<br \/>\nload them up with selected currencies.<br \/>\nneus.theag e.com.au\/action\/printArticle?id= 1 1 97907 j 12<br \/>\n1311012013 print Article: Aussie erchange rates best for decades<br \/>\nFinancial analyst Peter Arnold, of the product comparison company Canstar Cannex, said the Commonwealth Bank<br \/>\nwas the latest major bank to offer a prepaid travel card service linked to major credit cards, after ATr{Z and National<br \/>\nAustralia Bank.<br \/>\n\u201cGenerally, the fees on these cards are reasonably low for the transaction and currency conversion.<br \/>\n\u201cElut the biggest thing which sets it apart from a credit card, or using your own money to use a debit card, is that<br \/>\nyou\u2019re locking in an exchange rate,\u201d he said.<br \/>\n\u201cYou\u2019le buying your money before you leave and you know exactly how much of that currency you have to spend,<br \/>\nso you won\u2019t be subject to exchange rate fluctuations.\u201d<br \/>\nThis story was found at: ht$:\/\/newstheage.com-au\/breaking-news-businesdaussie-x.change-rates-best-for-decades-20100305-<br \/>\npobT.html<br \/>\nner,w \u201ctheag e.com.au\/action\/pri ntArticle?id= 1 1 97907<\/p>\n<p>&nbsp;<\/p>\n<p><center><a href=\"http:\/\/onlineclassesguru.com\/orders\/ordernow\"><img decoding=\"async\" src=\"https:\/\/encrypted-tbn0.gstatic.com\/images?q=tbn:ANd9GcTyj99p60XCLyLk1htB7-1neRt8-2QdnenNlQ&usqp=CAU\"target=\"_http:\/\/onlineclassesguru.com\/orders\/ordernow\"\/><\/center><p>","protected":false},"excerpt":{"rendered":"<p>Aussie exchange rates best for decades -This is the link for the article Aussie exchange rates best for decades. http:\/\/news.theage.com.au\/breaking-news-business\/aussie-exchange-rates-best-for-decades-20100305-pob7.html This topic is under Macroeconomics topics You are to select an article for economic analysis\u2014with an option of possibly choosing from the topics as specified by your Tutor: [Your tutor will inform you about the&#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-13924","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v17.0 - 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