It’s time to delve into currency exchange and learn about some terms used in the field. We will start off with a short video created by a former Chief Portfolio Strategist of a $50 billion investment advisory firm:
Money For the Rest of Us. (2017, May 24). Currency exchange rates explained [Video file]. Retrieved from https://youtu.be/fhz1_jUktKg.
Week 1 Discussion Post
Currency Exchange
Visit this Currency Analysis site and see what data is available on the page. The landing page shows U.S. Dollar (USD) exchange rates compared with four other currencies. It also allows you to browse 147 currencies. For most currencies, the site will categorize:
- Exchange Rate Regime
- Level of Currency Instability
- Yearly average rate (4 years)
Research and find out what these terms mean. Research two currencies (not on the front page) from countries that you have not yet featured in an assignment.
Provide information explaining the two foreign currencies and how they are exchanged, the level of instability, and their yearly average rate.
This post should be 1 or 2 paragraphs in length (at least 100 words). Since you are engaging in research, be sure to cite in the body of the post and add a reference list in APA format. NOTE: failure to use research with accompanying citations to support content will result in reduced scoring (no higher than 75%) for all components of the grading rubric.
Week 1 Interactive Response to Classmates
Required Interactive Response to be made during week 1:
- Select a post from a classmate and critique how the currencies are explained.
Your reply should be one paragraph in length (or about 50 words) and must be substantive in nature. Do not simply say “I agree” or “That is great.” Specify why and be detailed in your explanation. You may use research in your responses, but it is not required.
Week 2 Discussion Post
Making (or Losing) Money in Currency Trading
Research currency trading and share what you learned.
- What tools are used in this industry?
- Is it a safe form of investment?
- What type of returns are expected?
Is currency trading something you might consider? Explain.
This post should be 1 or 2 paragraphs in length (at least 100 words). Since you are engaging in research, be sure to cite in the body of the post and add a reference list in APA format. NOTE: failure to use research with accompanying citations to support content will result in reduced scoring (no higher than 75%) for all components of the grading rubric.
Week 2 Interactive Response to Classmates
Required Interactive Response to be made during week 2:
- Select a post from a classmate and discuss how it compares with your information.
Your reply should be one paragraph in length (or about 50 words) and must be substantive in nature. Do not simply say “I agree” or “That is great.” Specify why and be detailed in your explanation. You may use research in your responses, but it is not required.
In your own words, respond to the discussion and comments of classmates. Grades will be based on effectual, concise, and interactive feedback. The excessive use of quotes will directly impact performance since this indicates a lack of comprehension and shows that you may not have mastered the concepts.
Why a discussion post and replies for each week? Planning and time management are invaluable skills for business professionals who juggle jobs, personal lives, and other endeavors. Coming to terms with balancing priorities in an academic setting is a transferable skill to the workplace. Making optimum decisions about scheduling can help you excel along your career path.
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