Question
Current Spot Rates.Use the table LOADING...(5) containing economic, financial, and business indicators to answer the following questions. What are the current spot exchange rates for
Current Spot Rates.Use the table
LOADING...(5)
containing economic, financial, and business indicators to answer the following questions. What are the current spot exchange rates for the following currency exchanges?
a. Japanese yen/U.S. dollar exchange rate
b. Japanese yen/Australian dollar exchange rate
c. Australian dollar/U.S. dollar exchange rate
The table below contains economic, financial, and business indicators from 2015:
Forecasting the Pan-Pacific Pyramid: Australia, Japan, and the United States |
| ||||||||||||||
Industrial | Unemployment | ||||||||||||||
Gross Domestic Product | Production | Rate | |||||||||||||
Forecast | Forecast | ||||||||||||||
Country | Latest Qtr | Qtr | 2015e | 2016e | Recent Qtr | Latest | |||||||||
Australia | 4.3 | % | 4.3 | % | 4.9 | % | 3.3 | % | 4.3 | % | 4.1 | % | |||
Japan | 1.7 | % | -1.2 | % | 2.4 | % | 1.9 | % | 4.3 | % | 3.5 | % | |||
United States | 1.9 | % | 3.8 | % | 2.4 | % | 2.7 | % | 2.2 | % | 4.5 | % | |||
Consumer Prices | Interest Rates | ||||||||||||||
Forecast | 3-month | 1-yr Govt | |||||||||||||
Country | Year Ago | Latest | 2015e | Latest | Latest | ||||||||||
Australia | 4.8 | % | 2.3 | % | 2.8 | % | 6.79 | % | 6.26 | % | |||||
Japan | 0.7 | % | -0.2 | % | 0.0 | % | 0.52 | % | 1.68 | % | |||||
United States | 2.5 | % | 2.1 | % | 3.2 | % | 4.93 | % | 4.52 | % | |||||
Trade |
| ||||||||||||||
Balance | Current Account | Current Units (per US$) | |||||||||||||
Last 12 mos | Last 12 mos | Forecast 15 | |||||||||||||
Country | (billion $) | (billion $) | (% of GDP) | Oct 17th | Year Ago | ||||||||||
Australia | -12.8 | -46.1 | -5.6 | % | 1.15 | 1.38 | |||||||||
Japan | 98.2 | 197.5 | 4.4 | % | 118.00 | 121.00 | |||||||||
United States | -810.8 | -793.3 | -5.5 | % | 1.00 | 1.00 | |||||||||
Note: Unless otherwise noted, percentages are percentage changes over one year. Rec Qtr = recent quarter. Values for 2015e are estimates or forecasts. |
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started