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As a Forex advisor at Westpac Bank, you have been asked to undertake the following: i. Find the spot AUD/USD, AUD/GBP, AUD/CNY, AUD/EUR and AUD/JPY
As a Forex advisor at Westpac Bank, you have been asked to undertake the following: i. Find the spot AUD/USD, AUD/GBP, AUD/CNY, AUD/EUR and AUD/JPY for the 10th January 2016 and the 10th January 2017. Calculate the percentage change in the AUD for each of the 5 currencies. ii. Find the inflation rates and interest rates for 2016 calendar year for Australia, US, UK, China, Germany and Japan. Do your findings support Purchasing Power Parity (PPP) and/or the Fisher Open?
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