Step 1

Write about a foreign currency you want to analyze versus the US dollar. Find the FX ticker symbol for the currency.

Step 2

Perform research. Go to a website such as XE or Bloomberg that has charting capabilities for the currency selected versus the US dollar. Even a search in Google for the name of the currency exchange rate (such as searching "China currency exchange rate") can be done to view a chart.

Decide on a five-year period that you'll want to analyze. Record the currency exchange rate over the five years showing the "significant" points in time such as:

The starting point for the five-year period

The high points

The low points

Any "relatively" major ups and downs in the exchange rate

The ending point for the five-year period

Be sure to save the web address, as it will be used as one of the citations required later on in your Works Cited page.

Step 3

Once you have the exchange rates for the five-year period, research to formulate an opinion as to why the exchange rate fluctuated over that period.

Using your knowledge of Macroeconomics, research the economics of the country selected (such as GDP figures, supply/demand, housing, and labor, just to name a few of the economic concepts that you've learned about) and the events (such as political events, natural or unnatural disaster events, war events) that had an effect on the economy of the country.

Do the same research for the economics of the United States during that five-year period.

Step 4

Write a first draft of your paper following the guidelines presented above.

The introduction should include what the paper is about, the currency selected, and a table listing the currency exchange rates as of specific dates for the country selected versus the U.S. dollar. This table should have an in-text citation and a properly formatted citation on the Works Cited page so that these figures can be verified based upon the citation presented. Work, facts, figures, and any other elements that aren't your own must be properly cited; otherwise, this is plagiarism and will warrant a grade of 1. This introduction should be one or two paragraphs at most and include the table.

The main body of the paper will present your opinion as to why the currency exchange rate fluctuated over the five-year period. You must support your opinion with at least four in-text citations and include these citations, properly formatted, on the Works Cited page.

The economic analysis needs to include both sides of the currency exchange rate. There can be no exchange rate if there's only one side (one country). Therefore, the analysis must include the selected currency and the US dollar.

For this analysis, you're being asked to provide a minimum of four pages as a summary of your opinion.

The parts of the paper should include:

The introduction which states what the paper is about and includes a table with the exchange rates over the selected five-year period listed.

The main body of the paper which discusses both economies providing an opinion as to why the exchange rate fluctuated and include in-text citations to show support for that opinion. Remember the in-text citations also need to be included on a Works Cited page.

The summary or conclusion, which is a summary of what was presented in the introduction and main body of the paper. It should only be one or two paragraphs in length.