Please boost your Plan to download papers
Essay example - Comparative Study of US Dollar and Euro
Finance & Accounting
Pages 8 (2008 words)
Comparative Study of US Dollar and Euro Table of contents 1. Introduction 3 2. US Dollar v Euro – Comparative analysis 3 2.1 Value of US Dollar compared to Euro 3 2.2 Factors affecting the pair of currencies 6 2.3 Can currencies be forecasted? 7 3. Conclusion 8 References 10 1…
Extract of sample
Apart from its superior position in markets around the world US Dollar seems as more prepared, compared to other currencies, to face long term economic pressures. Reference is made in particular to Euro, a currency that has challenged the hegemony of US Dollar in global market. Current paper provides a comparative analysis of the two currencies. Emphasis is also given on the factors which have mostly affected the performance of these currencies, especially in regard to 2009 onwards. The financial recession of 2008 and the Euro zone debt crisis, that followed, are used as key events for the evaluation of the potentials of the two currencies in the future. In general, the US Dollar is proved to be stronger both in case of unexpected turbulences and in case of long term economic downturns. 2. US Dollar v Euro – Comparative analysis 2.1 Value of US Dollar compared to Euro The value of US Dollar towards Euro has faced important fluctuations. The turbulences in the global financial market, as related to the Euro Debt Crisis, have led to the decrease of the value of Euro, compared to US Dollar. Indeed, In January 2012 the value of Euro reached the $1.274 (Index Mundi 2012), which is rather low compared to the currency’s value in the past. For example, in January of 2011 the value of Euro was estimated at $1.3371 (Index Mundi 2012). ...
Not exactly what