During 2013 the AUD Traded at a Forward Discount to the USD.Why

question 87

Essay

During 2013 the AUD traded at a forward discount to the USD.Why?

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Definitions:

Account Balances

The total amount of money in an account, calculated as the sum of all credits minus the sum of all debits.

Interest-Bearing Note

A debt instrument that pays interest to the holder until it reaches its maturity date.

Journal Entries

Recording of financial transactions in a ledger, such that the total debits equals the total credits, reflecting all changes in accounts within a particular accounting period.

Fiscal Year-End

The fiscal year-end is the conclusion of a 12-month or 365-day period that a company uses for accounting purposes and preparing financial statements, which does not necessarily coincide with the calendar year.