Oanda’s currency converter 2209 | Business & Finance homework help
Your company wants to trade in foreign currency to build its portfolio. It is a European company, and currently holds most of its value in the Euro. Visit OANDA’s Currency Converter and compare the exchange rates of various currencies, including the dollar, euro, yen, and renminbi. What is the rate for these currencies today with respect to the Euro? What was the euro–dollar exchange rate one year ago? What factors might have caused the fluctuation in this rate during the year? Develop a 4–6 slide presentation that outlines your findings and makes recommendations to your company about the best currency in which to invest.