Portfolio task 6

Portfolio task 6

When we travel to other countries, we know that we can’t use or deal with our country’s currency so we need to change the currency to that which is used in the country we are going to. Exchange offices won’t give us the equivalent amount of their currency, they won’t change the currency only, they will sell their currency to us by profit, so if we are going to travel to more than one country, we will lose some of our money just in changing the currency, so some people see that if we have a single global currency that could save their money. In this essay I’m going to write about the advantages and disadvantages of a single global currency.

Firstly, we have several advantages of a single global currency. One of these advantages is that the single currency will save the time and efforts and money for businessmen and travelers instead of lose the money in exchange offices. For example, if I’m going to travel to America I need to change the dirham to the dollar ($1 equal to 3.67 DHS and the exchange offices sell the dollar at 3.9 DHS) so imagine the difference of changing that directly and changing that with profits. Another advantage is it could help us from cheating in some unknown countries. For example, if we are in some of these countries and we do not have information about their currency we could be cheated.

Turning to the disadvantages, the big losers are the exchange offices where their jobs depend on the difference between the global currencies. Having a single global currency definitely means no exchange offices; they will disappear.

All in all, a single global currency will be useful mostly for ordinary people when they travel and businessmen who travel many times.

Portfoilo task 5

Portfolio task 5

Two figures are shown. The line graph and table show the number of visitors to Australia by overseas residents through the period of 3 decades from 1975 to 2005. In this essay I’m going to describe the major information.

Firstly, the line graph illustrates the popularity of Australia regarding the number of visitors through that period which is increased by more than 20M. In 1975, Australia had only 10M visitors. The next decade had an increase by more than 5M. Through the next 10 years the number has increased by 8M visitors. In 2005, the number of visitors reached over 30M.

Secondly, the table shows the number of visitors to Australia from different countries in 1975 and 2005. It is clear that the Japanese had the most visitors to Australia through both periods. In 1975, the Japanese visitors were 3.2M and after 30 years it increased to 12M visitors. The next country is South Korea where the number of visitors increased from 2.9M to 9.1M in the same period. Then comes the European visitors with an increase from 1.1M to 4.5M in 2005. The British, American and Chinese had lower numbers of visitors with small increases from 1975 to 2005 (the British from 0.9M to 2.9M, Americans from 0.4M to 1.1M and Chinese from 0.3M to 0.8M).

All in all, both figures are related to each other, where both of them show the increase in visitors to Australia.