Chart Shows the End of Year Value for Four Major International Money Market Indices From 2002 to 2008 IELTS Writing Task 1

Sayantani Barman

Oct 15, 2022

Chart Shows the End of Year Value for Four Major International Money Market Indices From 2002 to 2008 IELTS Writing Task 1 sample Answer is given below. The candidates are required to present a tentative answer for the same. Chart Shows the End of Year Value for Four Major International Money Market Indices From 2002 to 2008 IELTS Writing Task 1 requires candidates to write a summary or overview based on a diagram, a table, a line graph, or a bar graph in at least 150 words. IELTS academic writing task 1 is a writing task for 150 words. Candidates are given 20 minutes and are required to write a summary for IELTS Academic writing task 1. IELTS writing score is marked based on band scores. The band scores range from 0 to 9. Meanwhile, candidates might consider practicing from IELTS writing practice papers to help excel your writing skills.

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Topic: The chart shows the end of year value for four major international money market indices from 2002 to 2008. [Dow Jones = US Market Index, DAX 30 = German Market Index, CAC 40 = French Market Index, KOSPI = Korean Market Index]
Summarise the information by selecting and reporting the main features, and make comparisons where relevant.

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Band 7 Answer

The bar graph clearly shows the variations in money market value indexes for four different nations. It includes the UK, US, Korea, and France, over the course of four years from 2005 to 2008. From a minimum value of 2000 points to a maximum value of 14000 points, the index values experienced several increases and dips.

In the first three years, from 2005 to 2007, the index values of all four overseas markets increased steadily. The value of the UK's FTSE 100 market's index steadily increased from 5500 points to approximately 6200 points. The Dow Jones, the US market index, saw a significant boost in index value. It climbed from 11,000 points to roughly 13,500 points, a 33% increase. The lowest position was held by the Korean market index, or KOSPI, which had a value of about 1800 points and fluctuated only slightly over time. Following a minor increase in value in 2005, the French market index, CAC 40, remained unchanged for the two years 2006 and 2007. All market index values had a significant decline in 2008, which affected all markets. A year's worth of trading on the Dow Jones US market saw a 30% decline. In comparison to 2007, the other three market indices all experienced declines to lower levels.

Band 7.5 Answer

The bar graph shows the changes in the year-end values of four major international market indices between 2002 and 2008, a span of eight years. When the specifics are considered, each of the eight years the American index was the strongest. The values of the other three indicators were much lower than those of the USA in comparison.

The US index began at slightly over 8000 points in 2002, reached its highest point of around 13000 points in 2007. And then declined to reach its lowest position of almost 9000 points in 2008. The second-most valued index during the time period was the German market index. It peaked in 2007 at roughly 8000 points before falling by 3000 points by the end of 2008. The valuation and performance of the German and French markets were closely correlated. Each year, with the exception of 2002, the French market index's value was lower than the German index's. The value of the Korean market index was the lowest, despite the fact that its performance trend was similar. Overall, the data show that all four market indexes experienced steady price increases between 2002 and 2007, then a dramatic decline in value in 2008. Notably, KOSPI, the Korean market index, had the lowest value throughout the time frame in question. While Dow Jones, the American market index, had the highest value.

Band 8 Answer

The bar graph shows data for the four major money market indices of the US, Germany, France, and Korea at the end of each year between 2002 and 2008. Overall, it is evident from the graph that, throughout all the years, Dow Jones held the highest place in the supplied countries' money exchange index values.

The lowest account holder during the course of the period was the Korean money index. With the exception of the final year, the other two nations' money index values have grown moderately. The US money market had more than 8000 units, as it does every year, reaching its peak in 2002. While the end-of-year index value grew to over 10,000 units during the following three years. However, the years 2006 and 2007 saw a large increase in the Dow Jones money market index, which is roughly above 12000 units. But by 2008, the Dow Jones index's value had dropped to just about 8000 units. The KOSPI Korean money market started out with only roughly 1000 shares and has maintained that number throughout the period with very minor variations. In the area of money exchange indices, the KOSPI showed a minor upward trend in 2007 with close to 1000 units. In terms of money market indices, the DAX 30 holds the second spot. For instance, the index value was about 3000 units in 2002 and increased to 4000 in the two years that followed. The steady development index value peaked in 2007 with 8000 units before declining to roughly 5000 units in 2008. Similar to CAC, CAC also had a respectable increase in the end-of-year index value. For example, in 2002, the index was at roughly 3000 units. Since then, it has risen steadily, reaching its relative apex in 2006 and 2007, when it reached close to 6000 units. However, by 2008, the account had dwindled to only about 3000 units.

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*The article might have information for the previous academic years, please refer the official website of the exam.

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