Commodity currency Canadian dollar, New Zealand dollar, Norwegian krone, South African rand, Brazilian real, Russian ruble and the Chilean peso. Due to the nature of commodity currencies being tied to commodities, being tied to any one good can be beneficial as well as problematic for the country. While naturally, falling or rising exports will lead to deflation or inflation respectively in any country the impacts are more severe in countries with commodity currencies at their currency is so heavily tied to a set few commodities. According to a 2009 study on commodity currency titled “Can Exchange Rates Forecast Commodity Prices?” by Yu-chin
Glenn Rand Glenn Rand Glenn Rand (born in 1944 Cincinnati, Ohio, United States) is an American photographic artist, educator and writer. He has produced photographic art that has been included in public museum collections throughout the United States, Japan, and Europe. He has written twelve books on photography and contributed regularly to magazines. In 2009 the Photo Imaging Education Association (PIEA) presented him with its "Excellence in Education Award" for his insightful contributions to photographic education. After receiving his Bachelor of Art degree at Purdue University in 1966 with a Major in Humanities and Design, Rand continued on at Purdue acquiring a