Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

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

China

Germany

Japan

Mexico

Saudi Arabia

Name Your Nation from Week 1

*Please indicate what date you obtained the exchange rate data above:

Currency Manipulation

Interpretation of Results

Unfair Manipulation? Why or Why Not?

References

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Strategic Management

Authors: Frank Rothaermel

5th Edition

126026128X, 978-1260261288

More Books

Students also viewed these General Management questions