Assignment 1-Foreign Exchange Rate

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|SOUTHERN CROSS UNIVERSITY |

ASSIGNMENT COVER SHEET

For use with online submission of assignments

|Student Name: |LIVIA CHIA | |Student ID No.: |22024147 | |Unit Name: |Global Marketing | |Unit Code: |MKT00150 | |Tutor’s name: |Professor Lau Geok Theng | |Assignment No.: |One | |Assignment Title: |Foreign Exchange Rate | |Due date: |9th November 2012 | |Date submitted: |9th November 2012 |

Declaration:

I have read and understand the Rules relating to Awards (Rule 3.17) as contained in the University Handbook. I understand the penalties that apply for plagiarism and agree to be bound by these rules. The work I am submitting electronically is entirely my own work.

|Signed: | LIVIA CHIA | |(please type your | | |name) | | |Date: | 9th November 2012 | | | |

1. Latest exchange rates against U.S dollar

Table 1 : Foreign exchange rates against U.S. dollar

Country |Currency (Per U.S Dollar) |Exchange rate (22 Feb 2011) |Exchange rate (02 Nov 2012) |Changes |Changes ( %) |Appreciated or Depreciated | |Argentina |Peso |4.0230 |4.76106 |-0.7381 |-18.3% |Depreciated | |Brazil |Reais |1.6690 |2.02982 |-0.3608 |-21.6% |Depreciated | |Britain |Pound |0.6181 |0.61965 |-0.0016 |-0.3% |Depreciated | |Canada |Dollar |0.9842 |0.99906 |-0.0149 |-1.5% |Depreciated | |China |Renminbi |6.5776 |6.28329 |0.2943 |4.5% |Appreciated | |India |Rupee |44.8600 |53.6717 |-8.8117 |-19.6% |Depreciated | |Indonesia |Rupiah |8,865.00 |9,587.73 |-722.7300 |-8.2% |Depreciated | |Japan |Yen |83.0590 |80.01 |3.0490 |3.7% |Appreciated | |Mexico |Peso |12.0851 |13.0644 |-0.9793 |-8.1% |Depreciated | |Philippines |Peso |43.6049 |41.0214 |2.5835 |5.9% |Appreciated | |Russia |Ruble |29.2303 |31.3171 |-2.0868 |-7.1% |Depreciated | |South Africa |Rand |7.1728 |8.65884 |-1.4860 |-20.7% |Depreciated | |South Korea |Won |1,126.83 |1,089.80 |37.0300 |3.3% |Appreciated | |Switzerland |Franc |0.9488 |0.93176 |0.0170 |1.8% |Appreciated | |Turkey |Lira |1.5988 |1.79104 |-0.1922 |-12.0% |Depreciated | |

Source: http://www.oanda.com/currency/converter/

Among the major countries under the review in Table 1, most of the currencies has depreciated against U.S dollar since 22 Feb 2011, with the exception of the Japanese yen, China renminbi, Philippines peso, South Korea won and Switzerland franc.

2. Reason for changes in foreign exchange rates

1. Balance of Payments...
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