Course: Introduction to Business; International Business"/>
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MERLOT II




        

Search > Learning Exercise Results > Comparisons of Global Currencies

Learning Exercise: Comparisons of Global Currencies

Title:
Comparisons of Global Currencies
Material:
Description:
In this exercise, students will be first examining the different types of paper currency from six different countries. They will then be comparing the value of the currency compared to 100 US dollars ($100).
Course: Introduction to Business; International Business

Info

Submitted by:
Cathy Swift
Date Last Modified:
May 16, 2000

Exercise

Go to the Geographic Directory website and click on Europe.


You will see a large number of countries listed. Select six of these countries. Click on each one, and you will be able to see the front and back of the paper currency. After viewing six of these, answer the following question:


1. What do each of these currencies have in common?


2. How do they compare to the US dollar bill?



Now go to the supplemental website:



(http://www.bloomberg.com/markets/currency/currcalc.cgi)



3. Compare the value of each of the foreign currencies to US dollars.



4. In two weeks, return to this website and again calculate the equivalent amounts of money to the US $.
Have the values changed?



5. If any of the values have changed, how does this affect the purchasing power of a resident of that country who would be visiting the U.S.?

Categories

No categories defined for this Learning Exercise

Audience

No audiences defined for this Learning Exercise

Topics

International Business

Requirements

None

Learning Objectives

1. To compare paper currency from a variety of companies and determine what the all have in common.


2. To understand how to convert the currency to US dollars.


3. To learn that the value of currencies can change very quickly.

Technical Notes

Students will be using two different web sites.