task 6

Portfolio task 6

            Nowadays, people use many currencies from all countries. When people travel they must use another currency. In this essay I am going to write about the advantages and disadvantages of using global currency.

            First of all, there are many advantages of using a global currency. The first advantage is that when you travel to another country you don’t have to care about the economy of that country. You will not pay for changing currency because in these days it is too expensive. If the currency became global the trading will be easy and the commercial fraud will be less. It will be easier to go shopping from the internet without caring about conversion charge.

               Although there are several advantages, there are some disadvantages. The first on is that the economies of all countries will be connected to each other so if the economy fell in any country that will affect other countries. The second disadvantage is that commodity prices will be changed in all countries and this will affect the currency and it will be weak value.

            All in all, a global currency has some advantages and two disadvantages but the advantages are more than the disadvantages. In my opinion I think the global currency is better because it will improve the relations between countries.

Task 5

Portfolio task 5  

          The graph and table are shown. The graph shows the number of visits to Australia by overseas resident from 1975 until 2005. The table shows the number of visitors in millions in six countries. In this report I am going to describe the graph and the table.

          First of all, the graph shows that in 1975 the number of visits was 9 million. In 1985 the number increased to 16 million. After that it was 23 million in 1995. Finally in the last year which is 2005 the visits were 31 million.

          The table shows that in 1975 Japan got the highest number of visitors which was 3.2 million and 12 million in 2005. Secondly South Korea got 2,9 million in 1975 and 9.1 million in 2005. Europe got 1.1 million in 1975 and 4,5 million in 2005. The country with the lowest number was china which got 0.3 million in 1974 and 0.8 million in 2005.

          Overall, the number of visitors to Australia increased dramatically in the period 1975 to 2005, from 8.8 million to over 30 million. Most visitors throughout came from Japan.