In Chapter $11$ of your textbook, they list the exchange rates for several major currencies. Select one of those foreign currencies to analyze for this discussion. Assume that your company has a foreign subsidiary which uses that currency as their functional currency and thus conducts many business transactions in that currency.

Address the following:

Discuss the overall volatility of the currency that you selected.

Explain any specific concerns that you might have about conducting business using that currency.

Evaluate the process for translating the entity$$s functional currency financial statements into the reporting currency financial statements, assuming that the parent reports in US dollars.