Financial Literacy 20, 30
Course Configurations
FINL35
Module 35: Foreign Exchange (Optional)
Outcome
Investigate foreign exchange.
Indicators
(a) | Discuss the factors that determine the value of the Canadian Dollar relative to foreign currencies. |
(b) | Determine the current exchange rate of the Canadian Dollar relative to a variety of foreign currencies such as the British Pound, Euro, United States Dollar, Chinese Yuan Renminbi, Mexican Peso and Indian Rupee. |
(c) | Determine the equivalent value in a variety of foreign currencies for a given number of Canadian Dollars using an online currency converter. |
(d) | Determine the equivalent value in Canadian Dollars for a given value in a variety of foreign currencies using an online currency converter. |
(e) | Examine processes for and costs associated with sending money internationally. |
(f) | Investigate how money can be earned from currency trading and discuss the associated risks and rewards. |
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