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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