Figure 3.6: Sample completed worksheet on macroeconomic polices
Appendix G
3.
Availability of foreign exchange
:
Worksheet to identify macroeconomic factors
a.
Is the availability and access to foreign exchange a constraint to traders to
import food?  
Yes                  No
(If no, then this
worksheet is completed)
This worksheet will guide the analyst through a series of steps to identify the major
b.
Describe how the availability of foreign exchange is a constraint to traders.
macroeconomic influences on the marketing system.  The information generated in this
___________________________________________________________
worksheet will be important to deciding whether to adjust the price data during  analysis and
c.
___________________________________________________________
reporting.
d.
Describe how the access to foreign exchange is a constraint to traders.
___________________________________________________________
___________________________________________________________
Steps
:
1.
Inflation
:
a.
Who in government collects data that shows the inflation rate?
Central Statistics Offic
e
b.
Collect the rate of inflation data and plot the last 10 years (or the amount of
time that is available).
c.
Describe the long term trend in the inflation rate (stable, increasing, high,
variable)?  
Variable see attached map
_______________________
___________________________________________________________
d.
Describe what factors have contributed to inflation in the recent past.
Tight monetary and fiscal polices have reduced inflation
2.
Exchange rate
:
a.
Who in government collects data that shows the exchange rate?
The Central Bank (Bank of Zambia)
b.
What is the current exchange rate against the currencies of the country's major
trading partners?
Currency
Rate (per local currency)
Date
US Dollars
_ 
2215_______
November 5, 1998
B. Pounds _
3544
_______
November 5, 1998
___________ 
___________
_____________
c.
Collect the exchange data and plot the last 10 years (or the amount of time that
is available).
d.
Describe the long term trend in the exchange rate (stable, increasing, high,
variable)?  
Increasing (see attached graph)
__________________
Instructions to fill out the worksheet:
Step 1
 should be completed on the worksheet for parts 
1a
, 
1b
, and 
1d
.   For part 1c,
plot the data on a graph (use a spreadsheet program).
Inflation Rates Jan 96 July 98
60
50
40
30
Percent
20
10
0
Jan 96 Apr 96July 96 Oct 96 Jan 97April 97July 97 Oct 97 Jan 98 Apr 98July 98
Year
21
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