Currency Game The treasurer of PACE Beverages is going on holidays. During this time, she has left you in charge of $10,000,000 USD which is currently in a bank account in the United States of America. Effective December 11, 2020 at 4:00pm EST until January 10, 2021 at 4:00 EST you will be responsible for the management of this money. This money is yours to administer as you see fit provided you follow the rules below: 1) The money must remain in bank accounts of international banks anywhere in the world 2) At no time may the money be invested or paid out to yourself 3) You are permitted to exchange this USD money into any of the following currencies in order to make additional profits in USD: Foreign Currency Pound Yuan Euro Yen Riyal Loonie Bitcoin Country Britain China European Union Japan Saudi Arabia Canada N/A 4) Although you have the freedom to exchange the USD money or leave it in the existing account, the treasurer has requested that prior to December 10, 2020 11:59pm you send her an e-mail explaining what you will be doing on December 11 and why. This e-mail will be a maximum of 800 words excluding references. 5) At any time after December 12 and before January 9 you will be permitted to exchange the PACE money as many times as you see fit provided that an e-mail is sent the day before the exchange notifying the treasurer what trade you will be making, for how much, and why. These e-mails (if any) will be a maximum of 600 words excluding references. 6) If currencies are exchanged, there will be a fee of 1/4% for the exchange. Note that on January 10 all foreign currencies will be exchanged back to USD and will be assessed the 1/4% bank charge Notes: 1) All e-mails will be sent to the following address: katelyn.stejskal@confederationcollege.ca 2) The e-mail(s) sent will be assessed based on: the depth of your currency specific research, explanation of critical influences on exchange rates, logic used to support your decision, referencing, and professionalism. 3) The marking rubric for this entire assignment will be as follows: e-mail(s) Amount of profit earned Reflection report - Assigned later Total ** 141 10% 5% 5% 20% Currency Game The treasurer of PACE Beverages is going on holidays. During this time, she has left you in charge of $10,000,000 USD which is currently in a bank account in the United States of America. Effective December 11, 2020 at 4:00pm EST until January 10, 2021 at 4:00 EST you will be responsible for the management of this money. This money is yours to administer as you see fit provided you follow the rules below: 1) The money must remain in bank accounts of international banks anywhere in the world 2) At no time may the money be invested or paid out to yourself 3) You are permitted to exchange this USD money into any of the following currencies in order to make additional profits in USD: Foreign Currency Pound Yuan Euro Yen Riyal Loonie Bitcoin Country Britain China European Union Japan Saudi Arabia Canada N/A 4) Although you have the freedom to exchange the USD money or leave it in the existing account, the treasurer has requested that prior to December 10, 2020 11:59pm you send her an e-mail explaining what you will be doing on December 11 and why. This e-mail will be a maximum of 800 words excluding references. 5) At any time after December 12 and before January 9 you will be permitted to exchange the PACE money as many times as you see fit provided that an e-mail is sent the day before the exchange notifying the treasurer what trade you will be making, for how much, and why. These e-mails (if any) will be a maximum of 600 words excluding references. 6) If currencies are exchanged, there will be a fee of 1/4% for the exchange. Note that on January 10 all foreign currencies will be exchanged back to USD and will be assessed the 1/4% bank charge Notes: 1) All e-mails will be sent to the following address: katelyn.stejskal@confederationcollege.ca 2) The e-mail(s) sent will be assessed based on: the depth of your currency specific research, explanation of critical influences on exchange rates, logic used to support your decision, referencing, and professionalism. 3) The marking rubric for this entire assignment will be as follows: e-mail(s) Amount of profit earned Reflection report - Assigned later Total ** 141 10% 5% 5% 20%