User Account

All Pages

Nation currency affect the nation net exports

Assignment Help Business Economics
Reference no: EM133302217

Changes in the value of a nation's currency affect the nation's net exports and GDP.

Canada trades extensively throughout the world and there are many Nova Scotian companies trading internationally. The US dollar is the world's dominant currency. Imagine you work for a Nova Scotian company that exports to many diverse countries. Today you are shipping two orders: one with a USD1000 invoice value to the US and the second order valued at €1000 shipment to France. (€ = Euros) You will be paid in 30 days by the customers.

Today, determine on day one, the shipping day, how much those invoices convert into CAD, so you know what you will expect to see in 30 days. What is the exchange rate?

Today calculate, USD to CAD and € to CAD.

Monitor the exchange rate on a weekly basis to assess the CAD currency values.

What are they? You will note, weekly, what the exchange rate is and the value of your USD1000 in CAD and €1000 in CAD.

Include in your assignment: the exchange rates from Weeks 1, 2, 3 and 4

At the end of the month (30 days), you will receive the wire transfer payments of USD1000 from your

US customer and €1000 from your customer in France.

1. What did you receive from your US customer when converted to CAD?

2. What did you receive from your customer in France (€) when converted to CAD?

3. Did you gain, or lose CAD based on the conversion you did on day one?

4. What are some factors that would affect the change of currency?

Reference no: EM133302217

Questions Cloud

Nasdaq veles california water index futures contract : The new Nasdaq Veles California Water Index futures contract to be launched next week (on December 7, 2020) will help to more efficiently align supply
Explain john goodlads notion : Explain John Goodlads notion that "school reform" often is less about improving schools that about keeping "reform" alive for its own sake
Write a reflection essay : How did you decide on your topic?Why did you organize it as you did?What did you do well in this piece?What can still be improved?
Provide a sufficient case for theism : PHI 214 Pikes Peak Community College believes that there are reasons to think that miracles do not provide a sufficient case for theism. What are those reasons
Nation currency affect the nation net exports : Changes in the value of a nation's currency affect the nation's net exports and GDP. What are some factors that would affect the change of currency?
What strategies can you use to convince the parents : How, as the director, can you support your teacher? What strategies can you use to convince the parents that it is important to meet
How a natural law or autonomy based jurisprudence : How a natural law or autonomy based jurisprudence (in the style of Kant's metaphysics of morals), should have been applied, in resolving the issues
State how the argument is translated into rl : PHIL 012 Pennsylvania State University state how the argument is translated into RL and state whether the argument is deductively valid or invalid
What are you knowledgeable about vegetarian cooking : To get started, consider what are you knowledgeable about. Vegetarian cooking? Skateboarding? Music? Something else?

Reviews

Write a Review

Business Economics Questions & Answers

  Draw the cash flow diagram

The salvage value is estimated to be $100,000 after 10 years. Draw the cash flow diagram.

  Identify the type of market structure for item

Directions. Read the questions carefully. Identify the type of market structure for each item.

  How does a high-tech industry differ

How does a high-tech industry differ from most other industries? Provide two examples.

  Elaborating on the external and domestic causes

Outline the standard explanations of the "resource curse" elaborating on both the external and domestic causes.

  At what price is the euilibrium price

Starting at the demand price $3.00 the demand quantities are 60,70,80,90,100. At what price is the euilibrium price? At what price does suplus occur? at how many large?

  What is the deadweight loss arising from mandated benefits

How do mandated benefits affect labor market outcomes? Why do these outcomes differ from those resulting from a payroll tax? What is the deadweight loss arising from mandated benefits?

  How much will the bank pay for the mortgage

A couple sold their home. In addition to cash, they took a mortgage on the house. The mortgage will be paid off by monthly payments of $232.50 for 10 years. The couple decides to sell the mortgage to a lend bank. The bank will buy the mortgage, but r..

  Total revenue of the suppliers of overseas holiday

What will happen to the total revenue of the suppliers of overseas holiday if the price of such holidays increase or decrease

  Analyze the reasons for the variation of growth rates

BUECO 1509 - Federation University Australia - Critically analyze the reasons for the variation of growth rates in that time period about 1200 words

  About the discrete math

onsider a 3*3 matrix in which each entry is either 0; 1 or -1. Add up the sum of the three entries in each row, column and diagonal and form a list of the sums. Give an explicit example of such a matrix and the corresponding list. Choose 16 distinct ..

  Identify how protecting sovereign boundaries

Identify how protecting sovereign boundaries in regards to intellectual property has a positive effect on the GDP . Your answer should be in complete sentences

  German balance of payments

Show how the transaction would have been recorded in the German balance of payments accounts. What was the net effect on the German balance of payments.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd