3402作业终结版.docxVIP

With a fact that the Australian Dollar is being depreciating since the last year, some comparisons have been made for a further analysis. Here, 6 foreign currencies are selected including USD, CHY, MAY, CAD and GBP. More detailed information will be shown in the following content.AUD/USD（04/01/2011-02/01/2015）Australian Dollar against US Dollar Via the above line chart, obviously, the whole trend of Australian dollar has been depreciating with a centain fluctuations exsiting. Within these 5 years, the highest value of Australian dollar was at the end of July in 2011 which was about more than 1.1USD/AUD. In the opposite situation, the lowest value was in January this year which was only around 0.8USD/AUD. During the period which was from the July in 2011 to the Feburary of 2012, Australian dollar tended to have a relatively more dramatical fluctuation. Specifically, the figure was going up to the maximum (1.1USD/AUD), then, it decreased to 0.96USD/AUD and went back to 1.08USD/AUD. Started from the May in 2012, Australian dollar appeared to be keeping gradually appreciating until the March in 2013. Afterwards, it has been depreciating until now with a minimum figure which was 0.8 USD/AUD. In recent years, Australian dollar is becoming a prefered tool when doing the business. Without a doubt, AUD is of interest to perceive the dynamics of its exchange rate for other major currencies, particularly the USD. In the past, the USD was a major trading partner of Australia. Because of a close relationship between Australian and the US economy, it is significant to realize the link of the exchange rate to the corresponding economies, especially inflation rates. Several reasons have resulted in the AUD depreciating. First of all, prices of commodity are continuing decreasing. For instance, the current price of iron ore is 68USD/ton. Secondly, China keeps relaxing the monetary policy for the purpose of achieving the goal of economic growth in 2014. Last but not leas