How the float was greeted, 35 years ago on December 10, 1983.
The Australian, December 10, 1983
Floating the dollar 35 years ago was a leap into the unknown. Here's how it has served us well.
Withdrawing cash from an ATM can cost you if you’re not careful.
Global travelers are being increasingly asked if they want to pay for local purchases in terms of their home country currency. Here's why you should resist the strong temptation to do so.
The University of California-Mexico Initiative Education Working Group created Project SOL, an online curriculum program that teaches students in their native language.
University of California, Riverside
Despite hard work by both governments to overcome mistrust, more is needed to build mutual understanding between Americans and Mexicans. Educational partnerships may hold the answer.
if you like to drink (or sell) German beer, higher rates are a wonderful thing.
Matthias Schrader/AP Photo
While borrowers may not be thrilled by the Federal Reserve's decision to raise rates, many of us have plenty of reason to celebrate.
Some companies are really affected by foreign exchange markets.
The Australian dollar is special among the major currencies as it generally moves along with the prices of commodities. Because of this the dollar affects companies in different ways.
Where our money comes from is deeply political and the politics involved is often highly complex.
China’s foreign reserves are declining.
China has introduced new currency and investment controls after foreign exchange reserves hit the lowest level since 2011. This could have a profound impact on our trading relationship.
An enormous 8% drop in the pound was recently rectified in a matter of minutes but the 'flash crash' wasn't merely an algorithm issue.
How countries manage their currencies is now more critical than ever. Nigeria has followed in the footsteps of South Africa by opting for a free-floating exchange rate regime.
A radical tightening of exchange controls against corporations and wealthy individuals offers a short-term solution to South Africa's balance of payments crisis.
Uncertainty over the outcome of the EU referendum has sent currency markets into overdrive.
The South African rand is the 18th most traded currency in the world.
How is it possible that an African country whose currency is one of the top 20 most traded in the world only has the 33rd biggest economy?
The rand’s current weakness can be attributed to a myriad of structural problems facing South Africa’s economy.
Like any commodity, the value of the rand is determined by the market forces of supply and demand. Its weakening is also affected by a myriad of structural problems facing the South African economy.
We never learn.
Investors are encouraged to make bad financial decisions from the way that saving products are marketed. New research shows that fixing this is a can of ugly worms.
South Africa's current economic situation is reminiscent of events in 1985 when the economy nearly collapsed. This article, first published last year, looks at the similarities.
Banks including Barclays are being hit with another round of fines for bad behaviour.
Increased regulation is doing little to stem the tide of bank scandals, with fines racking up. It's time more bankers were held to account.
In need of a lifeline.
So long as there is uncertainty about Greece's place in the eurozone, turmoil in financial markets will continue.
Now is the winter of our discount cents.
In one of the most remarkable days in the foreign exchange market for at least 20 years, the Swiss franc rose by an astonishing 30% against the euro in a mere five minutes. This is as a result of the announcement…
Six global currency-dealers have agreed to pay a total of US$4.3 billion to regulators in the US, UK and Switzerland.
Image sourced from www.shutterstock.com
Suppose you’re in the supermarket shopping for groceries. While you’re strolling the aisle with your cart, a shadowy figure looms over your shoulder and changes the prices on the items you want to buy…
Xu Zhiyong, jailed for four years. for inciting public disorder.
In the past decade, US and UK universities have embarked on a program of developing formal relationships, exchanges, and partnerships with their counterparts in China. No scholar interested in promoting…