After the graduation, you expect to become a foreign exchange dealer. Your curiosity about the behaviour of foreign exch

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answerhappygod
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After the graduation, you expect to become a foreign exchange dealer. Your curiosity about the behaviour of foreign exch

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After the graduation, you expect to become a foreign exchange
dealer. Your curiosity about the behaviour of foreign exchange
markets encourages you to conduct research on purchasing power
parity theory. Your research outcomes in relation to gold and
foreign exchange market are as follows:
Country
AUD
China
Price of Gold Oz as at 1st October
2019
AUD1,715.52
CNY8,768.19
Predicted price-level changes in the six-month period started at
1st October 2019
1.23%
2.80%
Spot exchange rate as at 1st October 2019
AUD0.1912/CNY
Spot exchange rate as at 31st March 2020
AUD0.1840/CNY
Required:
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