Question
Please Help. I will upvote. Thank you. Note all the information should be paraphrased or summarized in your own words. Cite and reference all your
Please Help. I will upvote. Thank you.
Note all the information should be paraphrased or summarized in your own words. Cite and reference all your sources.
1. Describe a spot rate and a forward rate and provide an example of each (use Russia's currency in the example).
Describe a direct and indirect quote? Give an example of each (use Russia's currency in the example). Visit the currencies page of the Wall Street Journal to complete the following. https://www.wsj.com/market-data/currencies/exchangerates
Identify the spot rate in both direct and indirect terms for the U.S. dollar vs. the following nations currencies:
1. United Kingdom
2. China
3. Germany
4. Japan
5. Mexico
6. Saudi Arabia
7. Russia
Use the year-to-date (YTD) comparison to determine whether the foreign currency has appreciated / depreciated / remained unchanged against the U.S. dollar since the start of this year.
From the main currency page, https://www.wsj.com/market-data/currencies click on China to examine the historical exchange rates between China and the U.S. (use Advanced charting and select the 10-year (10Y) chart range).
What is your interpretation of the results?
Does the data suggest that China has been unfairly manipulating their currency value, which was an accusation in the news under President Trump?
Why or Why not?
Cite the starting/ending/intermediate rate points and support your answer with reputable sources.
Use the template below to layout the answers.
Foreign Exchange Assignment for [Country]
Course
Student Name
Foreign Exchange Assignment for [Country]
Spot and Forward Rate
Spot Rate and Example
Forward Rate and Example
Direct and Indirect Quote
Direct Quote and Example
Indirect Quote and Example
Foreign Exchange Chart
Country | Currency (name, & ISO code) | Indirect quote | Direct quote | Has the foreign currency appreciated, depreciated, or remained unchanged against the USD? |
United Kingdom
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China
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Germany
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Japan
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Mexico
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Saudi Arabia
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Name Your Nation from Week 1
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*Please indicate what date you obtained the exchange rate data above:
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Currency Manipulation
Interpretation of Results
Unfair Manipulation? Why or Why Not?
References
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