Running head: CURRENCY EXCHANGE RATES 1

Currency Exchange Rates

Students Name

Course

Institution

Date
CURRENCY EXCHANGE RATES 2

Current Exchange rates

British Pound 0.7989
Australian Dollar 1.30698
Swiss Franc 0.99373
Euro 0.930100
Canadian Dollar 1.303512
Indian Rupee 67.38678

2016 Exchange Rates

Australian Dollar 0.7655
Euro 1.0348
Swiss Franc 1.0690
Canadian Dollar 1.4050
British Pound 0.69
Indian Rupee 68.11

2012 Exchange Rates

Australian Dollar 1.0106
Euro 0.8195
Canadian Dollar 1.0328
British Pound 0.6472
Indian Rupee 56.6135
Swiss Franc 0.9837

Summary
CURRENCY EXCHANGE RATES 3

There has been substantial strengthening of the US Dollar exchange rates in the past five

years as the above figures show. We can also say that within the past 5 years, the continuous

strengthening of the US Dollar has acted as a crucial element in international visitor expenditure

as well as cross-border flows. All the major economies currencies have shown significant

weakening against the United States Dollar in the past six years.

Tourism and Travel destinations in the Eurozone have made the Euro undergo significant

exchange rates dynamics in the past six years. This can be attributed to differing rates of inflation

and varying visitor profiles of origin. Changes in major world interest rates, macroeconomic

balances, divergent economic growth, and commodity prices have continued impacting largely

on the rates of currency exchange.

There are several other reasons that have influenced the weakening of other major

currencies against the US dollar, for instance, Brexit in the case of the GBP. The following are

the main reasons for the strengthening of the USD against other currencies: First is the booming

of oil production in the United States. Secondly, diverging monetary policies with other great

economies of the world. Last but not least, end of quantitative expectation and easing of interest

rates which resulted in increased inflows in the short run and larger outflows from the rest of the

major economies.
CURRENCY EXCHANGE RATES 4

References

"10-Year Currency Converter." Bank of Canada. Accessed February 3, 2017.

http://www.bankofcanada.ca/rates/exchange/10-year-converter/.

"Currency, Currencies & Forex Currency Trading - Yahoo Finance." Yahoo Finance - Business
Finance, Stock Market, Quotes, News. Accessed February 3, 2017.
http://finance.yahoo.com/currencies?ltr=1.