Analyse the major exchange rate movements

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Assignment Description

Each student will track the exchange rates on a given currency pair as per below list and record the closing rates in New York over a period of six months from 2 May to 31 October 2018, using a reliable Forex website. Excel software may be used to record the data and produce charts.

Students will then work in groups (three students per group) to prepare a report to analyse the major exchange rate movements by identifying and evaluating the impact of various factors (economic, political etc) on these movements. Your report (approx. 3000 words or 1000 words per currency pair) should include an introduction, major movements (opening/closing rates with charts, high/low for the period), events and activities in the Foreign Exchange Market with impact on the currency exchange rates. Reference should also be made to interest rates, balance of payments and monetary policy.

The written report should include a list of references showing the source of literature review and also an executive summary and conclusion with reference to all currency pairs. Each student is required to make a 5min individual presentation.

Currency Pair
USD/CAD

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In the given assignment, we were required to compute the solution based on the comparison of fluctuation in US dollar and Canadian dollar in past years. This includes analysis of the impact of various factors over currency fluctuation including political, environmental and social factors.

Reference no: EM132166411

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