This is the first week for Monetary Exchange Game. You will purchase $100,000 USD of foreign currency (a hard tradeable currency). Exchange rates to be determined by the website: https://www1.oanda.com/currency/converter/.

 

Where is the report being pulled from?

 

• The buys/sells are to be done each Wednesday using the value from the above website. The most optimal time for best exchange is between 12 p.m. to 3 p.m. CST. Rates change every minute of every day, so this is the most stable time for rate exchange. However, you may purchase anytime your schedule permits.
• Screenshot a copy of your currency exchange and paste it to a Word document. Include the results of your trade and discuss the logic you utilized behind your moves. Submit your Word document for grading.

Answer rating: 100% (QA)

Research and Analysis Before making any trade research the economic conditions of the countries invo... View the full answer