Exchange Rates
List the 1990 and 2005 Exchange Rates of one of the countries below and one that is not listed. Specify the currency used. Do not pick a country already commented on by another person for your second country. See my example for the format and level of detail expected in your comment.
Explain why this change occurred over these years.
What happens to the value of a monetary unit when the demand for the currency increases? (hint - see price setting post)- Australia
- Brazil
- Canada
- China
- Germany
- India
- Japan
- Mexico
- South Africa
- United Stated
- Zambia
- 1990 3.745 per U.S. Dollar
- source:http://intl.econ.cuhk.edu.hk/exchange_rate_regime/index.php?cid=21
- 2005 1 USD = 3.7505 SAR
- Source: www.gocurrency.com
- I think that the political stability of the Royal Family controlling Saudi Arabia and the constant international demand on their primary export (oil) has allowed the Saudi Riyal to remain stable compared to the U.S. dollar for the past 15 years.
posted by Mr. Turton at 3/31/2006 09:13:00 AM
22 Comments:
Zambia
1.00 Kwacha
=
0.000312012 US Dollars
Jamacia
1.00JamacianDollars
=
0.0157480USDollars
Jordan
1.00 Dinars = 1.41143 US Dollars
Australia
0.7098note= 1 US Dollar
Mexico
10 pesos= 1 US Dollar
Japan
117.23 yens= 1 US Dollar
i still win turton
Canada
$1.156= 1 US dollar
Peru
0.960 Sol.=1 US dollar
source:http://intl.econ.cuhk.edu.hk/exchange_rate_regime/index.php?cid=16
3.745 riyals = 1 u.s. dollar
10 pesos = 1 u.s. dollar
7.800 hong kong dollars= 1 u.s. dolar
Canada
$1.156= 1 US dollar
Peru
0.960 Sol.= 1 US dollar
source: http://intl.econ.cuhk.edu.hk/exchange_rate_regime/index.php?cid=16
India-Ruppe
1990-18.073 per U.S Dollar
2005-44.39 per U.S Dollar.
Chile-Chilean Peso
1990-353.840 per U.S Dollar
2005-523.65 per U.S DOllar
Egypt
1 US Dollar = 5.78412 Egyptian Pound
1 Egyptian Pound (EGP) = 0.17289 US Dollar (USD)
Britian
1 US Dollar = 0.57297 British Pound
1 British Pound (GBP) = 1.74528 US Dollar (USD)
Russia
1 US Dollar = 27.61921 Russian Rouble
1 Russian Rouble (RUB) = 0.03621 US Dollar (USD)
Dear Anonymous - I am still winning because my wonderful students are exploring and learning with this new technological tool.
However, many of the comments are not in the format shown in my examples. Let's work on that! - Still winning.
India-Ruppe
1990-18.073 Ruppes per U.S Dollar
2005-44.39 Ruppes per U.S Dollar.
Chile-Chilean Peso
1990-353.840 Pesos per U.S Dollar
2005-523.65 Pesos per U.S DOllar
sources:
http://intl.econ.cuhk.edu.hk/exchange_rate_regime/index.php?cid=21
http://www.gocurrency.com/
I think the exchanges rates mostly fluxcuate due to there trading status and there head governments
Mexico
10pesos=1U.S dollar 2005
Zambia
4464kwacha=1US.dollar
Japan
117.23yens=1US dollar
recourewww.cia.gov/cia/publications
China- Chinese Yuan
1990: 5.220 Yuans/ per. U.S. Dollar
Source: http://intl.econ.cuhk.edu.hk/exchange_rate_regime/index.php?cid=21
2005: 8.2765 Yuans/ per. U.S. Dollar
Source: http://www.x-rates.com/d/CNY/USD/hist2005.html
France- French Euro
1990: 5.129/ per. U.S. Dollar
Source: http://intl.econ.cuhk.edu.hk/exchange_rate_regime/index.php?cid=34
2005: 0.762113/ per. U.S. Dollar
Source: http://www.x-rates.com/d/EUR/USD/hist2005.html
Brazil
1990-169.330 Real= 1 U.S dollar
2005-1 American Dollar(s) = 2.1315 Brazilian Real(s)
1 BRL = 0.469153 USD
1 USD = 2.1315 BRL
Argetina
1990-Argetine peso 5,585.000= 1 U.s dollar
2005-1 American Dollar(s) = 3.0773 Argentine Peso(s)
1 ARS = 0.32496 USD
1 USD = 3.0773 ARS
I think the changing from the Austral to the Peso,the currency crisis with a $132 billion loan payment in U.S dollars,and its huge spending and decrease in commodity price lead to great deficit has caused the change over the years.
1990-Germany – Germany Deutsche Marks = 1.7088 per US Dollar
Source- http://www.federalreserve.gov/Releases/h10/Hist/dat96_ge.txt
2005-Germany - Germany Deutsche Marks = 1.59993 per US dollar
Source- http://www.xe.com/ucc/convert.cgi
I think that the amount of money had to go down because of all of the prices of everything in the US is going up.
Egypt
Saturday, January 1, 2005
1 US Dollar =6.23890 Egyptian Pound
1 Egyptian Pound (EGP) = 0.16028 US Dollar (USD)
Friday, December 31, 1993
1 US Dollar = 3.38500 Egyptian Pound
1 Egyptian Pound (EGP) = 0.29542 US Dollar (USD)
Britain
Saturday, January 1, 2005
1 US Dollar = 0.52132 British Pound
1 British Pound (GBP) = 1.91820 US Dollar (USD)
Friday, December 31, 1993
1 US Dollar = 0.67627 British Pound
1 British Pound (GBP) = 1.47870 US Dollar (USD)
Russia
Saturday, January 1, 2005
1 US Dollar = 27.73000 Russian Rouble
1 Russian Rouble (RUB) = 0.03606 US Dollar (USD)
Sunday, December 31, 1995
1 US Dollar = 4,658.00 Russian Rouble
1 Russian Rouble (RUB) = 0.0002147 US Dollar (USD)
source:http://www.oanda.com/convert/classic
Peru
0.960 Sol.=1 US dollar
source:http://intl.econ.cuhk.edu.hk/exchange_rate_regime/index.php?cid=16
Canada
$1.156= 1 US dollar
Canada
1.16CanadaDollar
= 1.00USDollar
China
8.32CHinaDollar
= 1.00USDollar
Australia
1.34Australiadollars
= 1.00 USDollars
Mexico
8 pesos=1 us dollar
Japan
117.23 yen=1 us dollar
Canada
1.156 dollars=1 us dollar
http://www.gocurrency.com/
i think that the currencys changed bacuse they had to. I think how much money is worth of all countries will never be the same all the time and depending on how the economy is doing the worth of the money will mosty decrease unless the country is in its golden age.
Peru: nuevo sol
1995: $1 american dollar equaled 3.48 nuevo sols
2005: $1 american dollar equals 3.31 nuevo sols
http://www.oanda.com/convert/classic
New Zealand: New Zealand Dollar $1.58629= 1 United States Dollar
http://www.xrates.com/calculator.html
Swedin: Swedish Krona
$7.3298= 1 United States Dollar
http://www.xrates.com/calculator.html
Brazil - Brazil Real
1991 .35 per U.S. Dollar
source:www.kcshop.com/foreigncurrency/1a-c.htm
2005 1 USD = .44 Reals
Source: www.google.com
Brazil has been a pretty stable country in South America. The slight change in the amount of U.S. dollar is just because sources are becoming more limited.
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