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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Your first HSC assessments are just weeks away and what you do NOW can make a huge difference to how confidently you tackle your first assessments and the year ahead.
3 things to focus on RIGHT NOW:
1️⃣ Get organised: Know what’s coming up, plan your workload and stop procrastination before it starts.
2️⃣ Master your content: Daily active recall and spaced repetition, not just writing notes.
3️⃣ Train for the exam room: Practice exam-style questions, work under timed conditions and get feedback on your responses.
Finish Term 4 feeling confident, prepared and ready to enjoy a well-earned summer break ! We have broken down exactly what you should be doing over the next few weeks in our latest blog.
👉 Read: 3 Things Every Year 12 Student Should Do NOW Before Their First HSC Assessments. Link in bio!
#HSCCoWorks #HSC2027 #Year12 #HSCStudyTips #HSCPreparation

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🎄 The HSC year moves quickly and by Christmas, you’ll already be 25% of the way through your HSC year!
What you do in these early months can make a huge difference to where you end up.
Your 3 Step To-Do List:
✅ Book 2 x Zoom an Expert sessions in your hardest subjects for extra targeted support.
✅ Start a streak in the portal with daily training across flashcards, practice questions and extended responses.
✅ Submit work to our HSC marking team for feedback NOW, before assessment time.
By the time Christmas arrives, we want you looking back at everything you’ve achieved, knowing you’re building the foundations for an incredible HSC year.
Remember....You don’t have to recover from a great start!
#hsccoworks #hsc2027 #hscmotivation

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Mount HSC 2027 has begun and by Christmas you will already be 25% of the way through your HSC year🎄
HSC success isn’t about being the smartest student in the room. It’s about building the habits, mindset and resilience to keep making progress, even when things get tough. The summit isn’t reached in one giant leap before the assessment tasks. It’s reached through the daily habits which you show up for every day along the way.
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Calling all 2027 Year 12 students! Your first Year 12 English assessments will come around so much faster than you expect, so now is your time to get ahead.
Tune in for an episode with Teacher Tim, an English teacher and HSC marker, as he unpacks some of the key points in the texts and human experiences focus area.
In this episode Tim reveals how you can think deeper about what it means to be a human and how you can identify the tensions between agency and conformity, the paradoxes of human motivation and behaviour and how to relate the individual and collective human experience.
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