HSC Economics Update: Exchange Rates

Apr 4, 2014

Exchange rates are constantly changing according to the global demand and supply of currencies across the globe.

An exchange rate refers to the rate at which a unit of domestic currency is exchanged for a given amount of a foreign currency (Riley 2011).

It is both a measure of relative value or purchasing power or an asset price. The exchange of these foreign transactions take place in both spot and forward markets.

They impact the determination of the interest rate which has flow on effects to many areas of both the domestic and international markets.

On the first Tuesday of every month, the board of the RBA meet to determine the interest rate. They met yesterday and determined to leave it on hold.

Below are some useful articles on exchange rates and interest rates:

http://www.abc.net.au/news/2014-04-01/reserve-bank-leaves-interest-rates-on-hold-in-april/5359248?section=business

http://www.smh.com.au/business/the-economy/australian-dollar-jumps-as-rba-keeps-official-cash-rate-on-hold-20140401-35vo9.html

http://www.theaustralian.com.au/business/latest/low-interest-rates-not-enough-to-drive-growth-rba/story-e6frg90f-1226865368085

Aussie Dollar on the rise again?

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Need some added motivation to prepare for your next school assessments and HSC Trial Exams!?!
Finish Term 2 strong knowing you gave it your best shot.. and if that isn’t reward enough how about our Points Challenge Prize available to EVERY CoWorks student who hits 2,000 points on the portal with exam training tasks from June 1st - June 30th.
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What a night 🙌
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From ATAR pathways and degree choices to balancing uni life, work, and everything in between, the conversations were honest, insightful, and incredibly valuable.
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70 days.

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70 days.
That’s all that stands between you and your Trial Exams.
The students who perform best aren’t always the smartest they’re the ones who prepare with purpose.
✅ Connect with your WHY
✅ Train daily
✅ Practice under exam conditions
Small actions repeated consistently create massive results over time.
Start now, stay consistent, and walk into your trials with confidence and no regrets. 🔥 Check the blog for more tips.
#HSC #TrialExams #StudyMotivation #HSC2026 #StudyTips StudentSuccess NoRegrets