International Finance Trend of Exchange Rate

International Finance Trend of Exchange Rate Trend of exchange rate over time The graph presented below shows the trend of the weekly exchange rate of the Turkish Lira and Thai Baht against the US dollar for a period of five years that is, between 2008 and 2013.Advertising We will write a custom assessment sample on International Finance: Trend of Exchange Rate specifically for you for only $16.05 $11/page Learn More Based on the graph above, it can be observed that the exchange rate of Turkish Lira was higher than the exchange rate of Thai Baht over the five-year period. The range of exchange rate for the Turkish Lira was between 0.5 and 0.8 while the exchange rate for the Thai Baht against the US dollar was below 0.1 throughout the period. Secondly, it can be observed that the exchange rate for the Turkish Lira against the US dollar fluctuated during the period. There was a slight appreciation in the exchange rate between 2008 and 2009. This indicates that the economy of the country grew strong duri ng the period. Thereafter, the exchange rate depreciated by a small margin between 2009 and 2011. This was caused by the global financial crisis. Between 2012 and 2013, there was an appreciation of the exchange rate. This indicates that the economy recovered from the financial crisis. The country heavily relies on international trade as a key source of income. Therefore, fluctuations in the value of the exchange rate are as a result of market changes. It indicates that the country operates a flexible exchange rate regime. On the other hand, it can be observed the exchange rate for the Thai Baht against the US dollar was fairly constant throughout the period. The value depreciated slightly from values ranging between 0.02 and 0.03. It indicates that the country operates a managed exchange rate regime. Bid and ask price The graph presented below shows the bid-ask spread expressed as percentages for the weekly exchange rate of the Turkish Lira and Thai Baht against the US dollar for a period of five years. Advertising Looking for assessment on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More The graph presented above indicates that the percentage of the bid-ask spread for the exchange rate of the Thai Baht against the US dollar was higher than the percentage spread for the Turkish Lira against the US dollar for between part of the five-year period. The bid-ask spread for the exchange rate of the Thai Baht against the US dollar was quite high in 2008. However, by the end of the 2008, the spread declined significantly. It remained fairly stationary between 2009 and 2011. However, in 2012, the company experienced a decline in the value of percentage spread. The high percentage spread can be attributed to a number of factors. The key factor is the perceived risk and political instability in the country. Volatility in the economic conditions in the country also explains the high value of the bid-as k spread. On the other hand, the percentage bid-ask spread for the exchange rate of the Turkish Lira against the US dollar escalated in early 2009. This can be attributed to the global crisis. Thereafter, the spread remained quite low and stable. The lower bid-ask spread is as a result of a large volume of shares traded (OANDA Corporation 1). Cross rates The graph presented below shows the trend of the spot exchange rate of Turkish Lira against the Thai Baht for the five-year period. The graph above indicates that there was a gradual decline in the value of the cross exchange rate during the five-year period. Besides, it can be observed that the graph of actual exchange rate is superimposed on the graph of cross rates calculated. It implies that the calculated cross rate is similar to the actual rate extracted (OANDA Corporation 1). OANDA Corporation 2013, Historical Exchange Rate. Web. https://www1.oanda.com/fx-for-business/historical-rates.Advertising We will write a cus tom assessment sample on International Finance: Trend of Exchange Rate specifically for you for only $16.05 $11/page Learn More

Powell Surname Meaning and Family History

Powell Surname Meaning and Family History The Powell surname typically originated as a contraction of the Welsh Ap Howell, meaning son of Howell. The given name Howell is an anglicized form of Hywel, meaning eminent in Welsh. Due to the system of Welsh patronymics, many individuals living today who use the Powell surname originally descended down that line from a family that may have used a different surname. Surname Origin: Welsh Alternate Surname Spellings:  POWEL, POUEL, POWELLS, PAUWEL, PAUWELS, POWELS Famous People with the Powell  Surname Colin Powell - American diplomat and military leader;  the first African American appointed as the U.S. Secretary of StateWilliam Powell  -  William Powell was a baritone-voiced actor remembered for playing Nick Charles in The Thin Man films.Adam Clayton Powell Jr.  -  20th century clergyman and U.S. representative; civil rights activistJohn Wesley Powell - American scientist, soldier and explorer;  credited with leading the first group of white men down the Colorado River through the Grand CanyonEnoch Powell -  British politician, classical scholar, linguist, and poet Where Is the Powell Surname Most Common? The Powell surname, according to surname distribution information from Forebears, is the 1,441st most common surname in the world. It is most common today in Wales, where it ranks as the 23rd most frequent surname. It is also among the top 100 surnames in England (88th), the United States (91st) and Jamaica (32nd). Powell is a common last name throughout Wales, but especially in the southern regions such as around Glamorganshire, Brecknockshire and Radnorshire. WorldNames PublicProfiler indicates the Powell surname is especially frequent in Wales and western England, particularly Herefordshire and Monmouthshire. Genealogy Resources for the Surname Powell Powell Surname DNA ProjectOver 470 members have joined this Y-DNA project to work together to use DNA testing along with traditional genealogy research to help determine Powell origins and distinguish between various Powell lines. Powell  Family Crest - Its Not What You ThinkContrary to what you may hear, there is no such thing as a Powell  family crest or coat of arms for the Powell surname.  Coats of arms are granted to individuals, not families, and may rightfully be used only by the uninterrupted male line descendants of the person to whom the coat of arms was originally granted. Powell Family Genealogy ForumThis free message board is focused on descendants of Powell  ancestors around the world. Search the forum for posts about your Powell ancestors, or join the forum and post your own queries. Since Powell is an old Welsh surname, you may also wish to consider joining the Welsh Patronymics DNA Project. FamilySearch - Powell GenealogyExplore over 4 million  results from digitized  historical records and lineage-linked family trees related to the Powell surname on this free website hosted by the Church of Jesus Christ of Latter-day Saints. Powell Surname Mailing ListFree mailing list for researchers of the Powell  surname and its variations includes subscription details and a searchable archives of past messages. GeneaNet - Powell  RecordsGeneaNet includes archival records, family trees, and other resources for individuals with the Powell  surname, with a concentration on records and families from France and other European countries. The Powell  Genealogy and Family Tree PageBrowse genealogy records and links to genealogical and historical records for individuals with the Powell  surname from the website of Genealogy Today.- Source Cottle, Basil.  Penguin Dictionary of Surnames. Baltimore, MD: Penguin Books, 1967. Dorward, David.  Scottish Surnames. Collins Celtic (Pocket edition), 1998. Fucilla, Joseph.  Our Italian Surnames. Genealogical Publishing Company, 2003. Hanks, Patrick and Flavia Hodges.  A Dictionary of Surnames. Oxford University Press, 1989. Hanks, Patrick.  Dictionary of American Family Names. Oxford University Press, 2003. Reaney, P.H.  A Dictionary of English Surnames. Oxford University Press, 1997. Smith, Elsdon C.  American Surnames. Genealogical Publishing Company, 1997.