 | Thomas Mortimer - Commerce - 1810 - 1246 pages
...course of exchange is always fluctuating, sometimes under, and sometimes over the par of exchange, and is chiefly governed by the balance of trade being...trade is certainly against them, and when it is under par.it is consequently in their favour. If London ships to Hamburgh merchandise ro the amount of 500,000.'.... | |
 | L. Murray - 1821 - 620 pages
...exchange, fluctuates and is chiefly governed by the balance of trade for or against the negociating parties ; so that when the exchange is above par, the balance of trade is against them, and when it is under par, it is in their favour. We shall now give some examples of the... | |
 | Samuel Griswold Goodrich - Commercial products - 1849 - 164 pages
...exchange is always fluctuating, sometimes over and sometimes under the par, or equal value, of exchange, and is chiefly governed by the balance of trade being...the exchange is above par, the balance of trade is against them, and when it is under par, it is in their favor. If London ships to Boston merchandise... | |
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The course of exchange is always fluctuating, sometimes under, and sometimes over the par of exchange, and is chiefly governed by the balance of trade being for or against the negotiating parties; so that when the exchange is above par, the balance of... 