Dollar vs. Euro

1. Introduction Since the appearance of the EURO (?) in the international trading system, the Ameri crumb sawhorse ($) has lost its domination and role in the financial world. Consequently, in that location is not only a great disparity in the exchange rate between the two currencies in kick upstairs of the EURO, but a growing problem in the US economy as well. tabulate 1, which can be ensnare in Appendix B, shows the course and relationship of the exchange rate of the two currencies from 1999 until now. The scope of this paper is to approach as best as possible the various reasons for this disparity and try to prophesy the future of the two currencies based on accurate and cutting-edge information. At this point, the authors would like to make clear that they do not intend to criticize or praise any g all overnmental or financial behaviors, but to present the facts objectively. 1.1.Short account statement of $ The appearance of the first American dollar goes back to princely of 1786 when the Congress approved it as the official American whole of account for the United States. Until 1874 the survey of the United States dollar was tied(p) to and backed up by silver, gold, or both. In Table 2, which can be found in Appendix B, we can see the relation of the gold and dollar from 1954 up to 2003.

some other terminal closely associated with the dollar is the so called petrodollar. This is a term that was given by Ibrahim Oweiss, a professor of economics at Georgetown University, in 1973 to describe the dominance of the American bullion over the international oil market. The same conclusion is coming turn out from Chart 1, where we can see that in 1973 the gold value of the American dollar fell almost nine times, because it was no more connected with the gold standards. 1.2.Short History of ? As of January 1st 1999, banks, foreign exchange dealers, big firms and stock markets, historied the first appearance and circulation of a new electronic currency called EURO. This was the outcome of the agreement between Austria,... If you want to get a full essay, order it on our website: Orderessay

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