Why Counterfeiting Has Disastrous Effects on the Global Economy
Counterfeiting is a serious offense that disrupts societies in several ways. Inflation, black marketing, and loss to industries are just a few of the detrimental side effects of counterfeiting. What is Counterfeit Money? Counterfeit currency is added to circulation by...
How is Australia’s Currency Affecting Tourism?
Australia has long been hailed as a top tourist destination. Their tourism industry has been thriving since the Australian Tourist Commission was developed over 50 years ago. The organization is now referred to as Tourism Australia, but the objective is the same – to entice international visitors to Australia, both for business and leisure, and to encourage its citizens to vacation domestically instead of abroad. Domestic tourism is a significant part of the overall tourism industry, calculated at over 73% of the country’s GDP. Despite the long journey for most people, there are a number of reasons to put Australia on your bucket list, and since Australia is roughly the same size as the united states, there’s always plenty to see and do. The great barrier reef is one of the many natural wonders of this country and houses the world’s largest coral reef. Sydney’s opera house, zoo, and harbor are all worth experiencing as well. There are also many beaches to choose from.
Staying Engaged As A Forex Trader
However, to be successful, a person needs to stay engaged with the Forex market at all times. This is easier when a few strategies are used.
Saudi Currency at Two-Year Low
Saudi Arabia’s currency has hit a record two-year low and its international bonds also recently lowered after worries that foreign investors could pull out while Riyadh faces mounting pressure from the absence of journalist and Saudi dissident Jamal Khashoggi.
Currency Trading Hit Record Highs
Thousands of investors across the globe have taken up the profession of currency trading. Hundreds of countries have very different currencies and thus there has to be an exchange rate between them if they want to do business with one another.
How to Pursue a Career in Foreign Currency Exchange
A currency trader follows the monetary trends relating to the rate of US and foreign currencies. They either buy or sell currency for another. The traders enjoy significant commissions despite working in a stressful and fast-paced environment. If you’re interested in becoming a professional currency exchanger, consider the following suggestions.
7 Ways To Exchange Currency While Traveling
When you are looking to use your dollars when traveling, it’s important to understand how exchange rates work. Whether you are at the airport making a purchase or buying currency online, it’s easy to get caught up in additional fees and spend more money than necessary. Educate yourself ahead of time on how to best exchange local money when traveling overseas, rather than fall into the trap of additional costs.
The History of the Euro
While attempts to create a single currency across Europe have been in place since at least 1979, the euro only became a viable currency fewer than twenty years ago, on July 1, 2002. As of that day, the mark, franc, lira, drachma, and other local currencies ceased to exist.
How to Compare Currency Exchange Rates
Our community is a global one - we do business with people from different countries, and visit and experience different cultures on holiday. With that in mind, however, with different countries often comes different forms of currency. Dollars, pounds, euros, yen, are...
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