Aim l l The aim of this game

Exchange Rate Table CURRENCY $1 buys: Japanese Yen 139. 15 Euro 1. 14 US

Round 1 l l There are fears that the budget deficit of Greece may

Exchange Rate Table CURRENCY $1 buys: Japanese Yen 137. 1 Euro 1. 13 US

Round 2: l The EU has suggested ‘financial assistance’ is to be offered to

Exchange Rate Table CURRENCY $1 buys: Japanese Yen 137. 1 Euro 1. 28 US

Round 3: l Market speculators are concerned about the level of borrowing in the

Exchange Rate Table CURRENCY $1 buys: Japanese Yen 12. 58 Euro 1. 18 US

Round 4: l l Switzerland sees a decrease in interest rates. Germany and France

Exchange Rate Table CURRENCY $1 buys: Japanese Yen 12. 58 Euro 1. 41 US

Now Calculate your total capital in pounds sterling.

Slides: 11

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Aim l l The aim of this game is to play the part of a currency trader and to trade different currencies to increase the value of your currency holding. You will be given an imaginary starting sum of US$500 and your task is to use the currency market to trade your balance to make this as large a sum as possible by transferring it between different currencies. Your teacher/lecturer will establish a period of time during which you will be allowed to trade and at the end of that period all currency portfolios will be transferred back to US dollars and the student whose portfolio is worth the most will be the winner.

Exchange Rate Table CURRENCY $1 buys: Japanese Yen 139. 15 Euro 1. 14 US Dollars 1. 54 Indian Rupee 71. 18 Norwegian Kroner 9. 18 Swiss Franc 1. 67

Round 1 l l There are fears that the budget deficit of Greece may affect its currency The recent recession has had varying impacts on different global economies. Western economies have seen exports suffer to a greater extent than other global economies.

Exchange Rate Table CURRENCY $1 buys: Japanese Yen 137. 1 Euro 1. 13 US Dollars 1. 68 Indian Rupee 71. 18 Norwegian Kroner 9. 18 Swiss Franc 1. 67

Round 2: l The EU has suggested ‘financial assistance’ is to be offered to Greece. l India discovers new supplies of oil off its southern coast.

Exchange Rate Table CURRENCY $1 buys: Japanese Yen 137. 1 Euro 1. 28 US Dollars 1. 68 Indian Rupee 65. 98 Norwegian Kroner 9. 18 Swiss Franc 1. 67

Round 3: l Market speculators are concerned about the level of borrowing in the UK to finance economic growth since the recession. l Scandinavian countries see a boom in tourism due to the trend for ‘winter’ holidays.

Exchange Rate Table CURRENCY $1 buys: Japanese Yen 12. 58 Euro 1. 18 US Dollars 1. 58 Indian Rupee 64. 93 Norwegian Kroner 6. 32 Swiss Franc 1. 45

Round 4: l l Switzerland sees a decrease in interest rates. Germany and France experience a period of high inflation.

Exchange Rate Table CURRENCY $1 buys: Japanese Yen 12. 58 Euro 1. 41 US Dollars 1. 58 Indian Rupee 64. 93 Norwegian Kroner 6. 32 Swiss Franc 1. 62

Now Calculate your total capital in pounds sterling.