Portugal 's Current Official Exchange Rate Essay

Latin America at this time had very little manufactured exports, mainly electing to important finished goods from the United States or Europe. Their most popular exports were coffee and bananas. They did, however, have an ever-growing amount of exports in the form of raw materials. These materials included cotton, copper, guano, and petroleum. Each Latin American

The unemployment rate also rose from 5.7 percent to 5.8 percent in January 2016. The GDP for Chile also took a down turn and now is has a deficit.

Major imports include petroleum, coal, apparel, and gas. Major exports include automobiles, electronics, plastic, iron, and steel.

They exploit their coast line by fishing and trading. Their main natural resource is oil and other petroleum products. They also produce copper, iron, gold, zinc, and lead. Mexico still hasn’t used their natural resources to the fullest, but they are trying to. Mexico’s climate and coastline also cause for tourists.

Chief exports: corn, diamonds, fruits, gold, metals, minerals, sugar, wool, machinery and transportation equipment, chemicals, manufactured goods, and petroleum

Each country has its main export. Main exports of this region include bananas, tropical fruits, rice, coffee, corn, and sugarcane.

Portugal joined the Economic and Monetary Union in 1999. Portugal earns foreign income from trading agricultural products and reselling imports. They modernized their industries so they could work faster and make more money. 39.7% of the land is used for agriculture. 11.9% is arable land. 7.8% is permanent crops and 20% is permanent pasture. In portugal there are 2.4% of agriculture. Portugal is one of the leading exporters of tomato paste and wine. 21.9% of portugal is industry. Some of the leading things that the industries make are wood and cork. And the last percentage is Services which is

INTERNATIONAL FINANCE ASSIGNMENT 2 _ Answer Key PROBLEM I (30 points) Suppose the quarterly (90-day) interest rate in the US is 2.5% and it is 4% in Canada. If the $/CD spot exchange rate is $0.80/CD and the 90-day forward exchange rate between US and Canadian dollars is $0.79/CD , does the interest rate parity (IRP) hold? Why or why not? If it does not hold, what is the direction of the capital flow?

It is bordered by Spain to the North and East sides and the Atlantic Ocean on the West and South sides. Based on Portugal’s location on the Iberian Peninsula this makes it the westernmost country in continental Europe. When looking at Portugal’s geography one can see that each region of the country is not the same. The varied physical environments creates several geographical regions in Portugal that changed the culture of the people in that region. The Northern Portugal region is characterized by many small farms and vineyards known to be a more mountainous, rainy region compared to the others. Another characteristic of this region is the isolated rocky hillsides where it looks like it has been untouched for hundreds of years. It is known by the Portuguese people as the region with origin of national values of hard work, thrift, traditionalism, and practicality

Portugal is a southern European country on the Iberian Peninsula, bordering Spain and the Atlantic Ocean. Its oceanside location influences many aspects of its culture – salt cod and grilled sardines are national dishes, the Algarve's beaches are a major tourist destination and much of the nation’s architecture dates to the 1500s-1800s, when Portugal had a maritime empire.

In Brazil a huge percent of it speaks Portuguese, this is also seen in Latin American nations, but instead, they speak Spanish. This all happened because of the Treaty of Tordesillas, and the people who followed its rules. Portugal colonized Brazil, and Spain the New World, making Portuguese and Spanish one of the lead speaking languages in the world today. The agreement made by King John II of Portugal and Isabel of Castile has made this world the way it is.

Portuguese is the official language of Brazil, although people speak a variety of other languages. Some of the other languages spoken in Brazil are German, Italian, Japanese, and Korean, along with 195 indigenous languages and some Baltic languages as well. There are many religions represented in Brazil including Protestant, Methodist, Episcopal, Pentecostal, Lutheran, Baptist, Jewish, Muslim, Buddhist, Jehovah’s Witness, Shinto, Rastafarian, Candomble and Umbanda. Though there are many religions the most prominent in the country is Roman Catholic. “Since the Portuguese colonized Brazil in the 16th century, it has been overwhelmingly Catholic. And today Brazil has more Roman Catholics than any other country in the world.” ("Brazil," 2004)

Economy- Transylvania is rich in mineral resources, notably lignite, iron, lead, manganese, gold, copper, natural gas, salt, and sulfur.

A wide variety of products cross the port, such as, soybean, crumb, sugar, salt, frozen goods, petrol derived products and alcohol. The three most exported products include, 41 per cent of

Exchange rate represents the external value of a currency. Changes in exchange rates may affect the relative position of a country in the international trade. Politicians and economists concern about exchange rate variability for lots of reasons, among which that the exchange rate variability discourages trade comes first. However, a large empirical literature on this issue does not confirm a significant effect of exchange rate on the volume of trade [1]. Instead other variables such as employment should be much more important from a practical point of view, for it is closely related to people’s livelihood.