Question: Read the case study: Currency Exchange Mini-Project. Forecast the value of a foreign currency in order to complete a transaction. You will need to choose

Read the case study: Currency Exchange Mini-Project. Forecast the value of a foreign currency in order to complete a transaction. You will need to choose from the following list of currencies as your subject for the case.

UK Pound

Brazilian Real

Thailand Bhat

You represent a US based business involved in an international (cross-border) purchase. In order to complete your purchase you will need one million in foreign currency (UK Pounds/Brazilian Real/Thailand Bhat)

Required:

1. What will is the value of your transaction today? (How many dollars would you need today?)

2. What is the value of your transaction in 30days? (How many dollars would need then?) To determine this you must forecast the exchange rate. What factors did you consider to make this forecast?

3. What action will you take today? Why?

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