One of the difficulties of engaging in global trade is the constant shift in exchange rates. How
Question:
One of the difficulties of engaging in global trade is the constant shift in exchange rates. How much do exchange rates change over a 30-day period? Research this by choosing five currencies (for example, the euro, the British pound, the Japanese yen, the Mexican peso, and the Saudi Arabian riyal) and looking at their exchange rates relative to the U.S. Dollar for the past month.
The rates are available online at Yahoo! Finance (finance.yahoo.com/currency-converter)
Choose a company and describe what effects the currency shifts you noted might have on this company's trade with each of the countries or areas whose currency you chose.
Also, with the countries you have choose are there any other trade barriers that the company may face besides currency exchange rates?
Macroeconomics Principles Applications And Tools
ISBN: 9780134089034
7th Edition
Authors: Arthur O Sullivan, Steven M. Sheffrin, Stephen J. Perez