Understanding Currency Exchange Rates: A Three-Part Exercise

Annette L. Halpin

Abstract


Students enrolled in business programs today are required to understand and appreciate the interdependence of nations in our global economy. This paper describes an exercise that can be used in any business course to teach the topic of currency exchange rates. Using information from the Wall Street Journal and play money from three countries, students are placed in scenarios that require them to complete several transactions using different currencies.

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