Introduction
Every country has its own currency. The value of a country’s currency is directly related to its economics. Therefore, the value of each country’s currency is different.
The question becomes, “How can countries and businesses do business with each other when the value of each country’s currency is different?”
The answer is The Currency Exchange Rate.
With the advent of the Internet, there has been an explosion in the Forex Market to the point where this market dwarves all other markets. The Forex Market (FX for short) is where currencies are bought and sold and a price is “fixed” on a moment by moment basis between the values of different currencies. This is known as the “currency exchange rate.”
For example, as of this writing, $1 U.S. will get you $1.31 Canadian. This difference in the exchange rate means that the U.S. Dollar (the U.S. economy) is stronger than the Canadian Dollar (the Canadian economy) because for each U.S. Dollar, you get more Canadian Dollars.
Conversely, for $1 U.S., you’ll only get $0.80 Pound Sterling or British Pound. The U.S. economy is weaker than England’s economy because for each U.S. Dollar you get less British Pounds.
Project Instructions
Choose one country from the following list:
Japan
UK (United Kingdom – England – Great Britain)
Australia
Canada
South Korea
This final project will require you to examine the FX currency of your choice from the list above versus the U.S. Dollar over any recent consecutive five-year period as to why the exchange rate fluctuated during that period.
Writing Guidelines
Use the following writing guidelines to complete and submit your paper:
Using Microsoft Word or a Word-compatible program, include the following information at the top of the paper:
Your Name
Student ID Number
Course Title and Number
Graded Project Number (the six-digit number found on your student portal)
The paper will contain three parts:
An Introduction
The Main Body
A Summary or Conclusion
Your paper must be a minimum of five pages in length, including a Works Cited page.
The submission will be double-spaced in a standard print font of size 12. Use a standard document format with one-inch margins. Do not use any fancy or cursive fonts.
Be sure to use correct grammar, punctuation, and spelling. Use the tools available in Word or other software programs such as Grammarly to check and correct the English Composition.
Citing Your Work:
A minimum of five citations is required.
When it comes to citing source material that isn’t your own, there are two parts to a citation. The first one is the in-text citation and the second one is the citation presented on the Works Cited page itself.
Improperly formatted citations, or missing either of the two parts of citations, constitutes Plagiarism and results in a failing grade of 1.
The citations must follow APA formatting.
If you don’t remember how to make a properly formatted APA citation, go to the Purdue OWL (Online Writing Lab) website by following these steps:
Do a search on the Internet for “Purdue OWL” and go to the homepage.
In the menu on the left, click on Research and Citation.
From the drop-down menu, click on APA Style.
Click on APA Formatting and Style Guide.
Select Reference List: Electronic Resources.
Alternatively, go to Penn Foster’s Writer’s Block, or call and speak with an English instructor to refresh your memory on how to make a proper citation.
Format
Double-spaced
12pt font
APA format
Properly formatted citations and Works Cited page using APA guidelines
