Foreign exchange market to earn a profit-holding dollars

Assignment Help Other Subject

Reference no: EM13178444

Suppose you work for a firm that has $10 million in excess cash to invest for one month. Your task is to invest this money in the foreign exchange market to earn a profit-holding dollars is not an option. Select the currencies you wish to buy at today's spot rate, but do not buy less than $2.5 million of any single currency. Track the spot rate for each of your currencies over the three days in the business press. On the last day, exchange your currencies at the day's spot rate. Calculate your gain or loss over the three-day period. Report your results explaining the method you used to pick the currency, the result and why you got a profit/loss from the trading.

Reference no: EM13178444

Questions Cloud

Proportionality with reference to criminal sentencing : Explain what is meant by "proportionality" with reference to criminal sentencing. Identify three (3) groups of persons who cannot be given the death penalty

Transferred from her job to a new city : Trudy, was transferred from her job to a new city. While visiting the city and meeting with her new employer, she found a "great place" and entered into a one-year lease for an apartment with Luke, a landlord.

The institutional characteristics of political parties : The institutional characteristics of political parties include

Compare the exchange rates of various currencies : Compare the exchange rates of various currencies, including the dollar, euro, yen, and renminbi. What is the rate for these currencies today with respect to the Euro?

Foreign exchange market to earn a profit-holding dollars : Suppose you work for a firm that has $10 million in excess cash to invest for one month. Your task is to invest this money in the foreign exchange market to earn a profit-holding dollars is not an option. Select the currencies you wish to buy at toda..

Using naturalistic observation study : Using a naturalistic observation study, a correlational study, or an experiment, describe how you would study the effects of alcohol on behavior.

Workforce-hr and human resource information systems : Use the Internet to research new technologies that could impact the workforce, HR, human resource information systems, and world economics in the next decade. Predict what the workforce attitudes and preferences will look like in the next 10 year..

Article from the wall street journal : Business Law Class- Choose an article from the wall street journal that relates to law and write about the legal topic you chose and how it ties into what is taking place in the article and use three sources

Identify alternative global risk management strategies : you will analyze the potential risk for EDUS in the acquisition of the institution. Further, you will identify alternative global risk management strategies that can reduce the risks associated with this acquisition. Examine the risks of competitors.

User Account

All Pages