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Facts and currency impact on the economic growth of particular countries

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King's Own Institute (KOI), Australia

   

BUS707 Applied Business Research (BUS707)

   

Added on  2020-03-13

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In BUS707 Research Paper, this report contains details of Facts and Currency impact on the economic growth of particular countries. It is evaluated that value of money is based on various factors such as the national economic growth of the particular country, gross domestic product rate, changes in purchasing power parity, Foreign Business Transactions, and other economic policies of the government.

Facts and currency impact on the economic growth of particular countries

   

King's Own Institute (KOI), Australia

   

BUS707 Applied Business Research (BUS707)

   Added on 2020-03-13

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RUNNING HEAD: Applied research on Australian dollar1Name of student-Title-Applied research on Australian dollarUniversity name-
Facts and currency impact on the economic growth of particular countries_1
Applied research on Australian dollar2Executive summary This report contains details fact and currency impact on the economic growth ofparticular countries. It is evaluated that value of money is based on various factors such asnational economic growth of particular country, gross domestic product rate, changes inpurchasing power parity, foreign business transactions and other economic policies ofgovernment. It is evaluated that Australian economic has risen very drastically and shownwide amount of changes in the Australian dollar and foreign exchanges reserve on domesticand international level.
Facts and currency impact on the economic growth of particular countries_2
Applied research on Australian dollar3Table of ContentsExecutive summary...............................................................................................................................1Introduction...........................................................................................................................................2Research aim and objective...................................................................................................................3Research finding....................................................................................................................................3Group of people who will be significantly affected...............................................................................4Trend of Austrian dollar.........................................................................................................................5Decision statement for two business....................................................................................................6Business decision statement- Investment by Apple incorporation in Australia.................................6Business decision statement- Investment by Australian company Morrison....................................7Research objective................................................................................................................................7Hypothesis in this research....................................................................................................................7Recommendation..................................................................................................................................8References.............................................................................................................................................9
Facts and currency impact on the economic growth of particular countries_3
Applied research on Australian dollar4Introduction With the increasing ramification of economic changes and developing growth ofAustralian economy, it is evaluated that Australian country has been showing several ups anddown in its value price throughout the time. It is determined that if value of money inparticular economy is dependent upon several factors such as national income, economicgrowth of particular country, gross domestic product rate, changes in purchasing power parityand foreign business transactions. Australian economy has shown various ups and downthroughout the time. Foreign trade and positive balance of trade is the strong pillar to makechanges in the Australian dollar rate of world level. However, throughout the time, Australianeconomy has increased its gross domestic product rate by 8% as compared to its last 10 yeardata. The main impact of this level of appreciation on Australian dollar could be seen on thecheaper import and less expensive tourism in other countries for the people of resident inAustralia (Dollar, 2017). This report reflects the key understanding on the several factorswhich positively and negatively impact the Australian dollar and also establish a clear nexusbetween Australian dollar rate and US dollar rate in determined approach. In the end of thisreport, study shows the clear view points on the balance of trade, Australian economic andsocial policies which reflects how Australian dollar has become strong in the internationalmarket as compared to other money (De Bock, and de Carvalho Filho, 2015).The value of Australian dollar has gone up since late 2008 against the US dollar othercurrency in the market such as Euro, Pound and Canadian dollar. After evaluating data fromthe secondary sources, it could be inferred that Australian china has made positive overseadirect investment in Australian market specifically in mining and education business. Thislevel of investment has increased the budget prepared by reserve bank of Australia (Wątorek,Drożdż, and Oświęcimka, 2016. However, Reserve bank of Australia with the collaboration
Facts and currency impact on the economic growth of particular countries_4

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