Understanding the Exchange Market Rate - Pound to US Dollar (GBP/USD) Exchange Rate
Hard currency is any global traded currency that is expected to serve as a reliable and stable store of value. The factor contributing to a currency hard status might include the long term stability of its purchasing power, the associated country’s political and fiscal condition and outlook and policy posture of the issuing …show more content…
There were a difference that happen in the fluctuation rate between the US Dollar and also with the Britain Pounds. The trend also change from time to time. As shown in the exchange market chart, for the month of March the fluctuation between the U.S Dollar and Britain Pound is uncertain sometime the rate is high and sometime is low.
As shown in Appendix A that the changes graph of between U.S Dollar to Britain pound and the rate is between 6 march 2014 until 31 march 2014. As shown in the graph the fluctuation rate is uncertain. When its start in 6 march the amount of 1 GBP when change to USD the amount that was get is $1.67405. But at the end of day for 7 march the amount have changes and the value is up until $ 1.67772. This also happen to the fluctuation between the GBP to USD and the amount of 1 USD after changed to GBP is 0.59798 on 7 march different from 6 march the amount is 0.59735. Although the number of increase amount that increase is not so high but it’s bring benefits to the business and also to the company