Australias Exchange Rate

Part I of Essay
What is an exchange rate? What factors determine the exchange rate for the Australian dollar? An exchange rate is the ratio at which a country's currency exchanges for the currency of another country. Exchange rates are typically expressed as the foreign currency equivalent ....

Part II of Essay
.... wanting to lend money here, or buy shares or property here, overseas firms setting up branches here or expanding them, and those who pay us for various services, such as repay loans. Those who have Australian dollars and want to use them to buy foreign currencies provide the supply of Australia dollars. These include Australians who want to buy imports from overseas, Australian tourists going overseas, Australian banks and firms lending or investing money overseas, and Australians paying for various services from overseas, repaying loans an ....