Students will create this post by supporting their point of view on the topic by citing materials from the articles linked below and the Powerpoint. I have attached Chapter 10 Powerpoint.
Altogether there should be at least 4 in-text citations: 2 from the Powerpoints and 2 from the article website I linked below.
https://www.ifrs.org/use-around-the-world/use-of-ifrs-standards-by-jurisdiction/#analysis
(PLEASE BOLD THE CONCEPTS PULLED FROM THE POWERPOINTS)
I found the APA citation for the actual textbook that the Powerpoints are pulled from.
The citation is: Cavusgil, S. T., Knight, G. A., & Riesenberger, J. R. (2017). International Business: The new realities. Pearson.
The in-text citation is: (Cavusgil et al., 2017)
Please use these for the concepts pulled from the Powerpoints. Thank you.
TOPIC:
In December 2001 one U.S. dollar would have allowed you to purchase (or exchange for) 1.12 Euros. In December 2007 one U.S. dollar would have allowed you to purchase just .68 Euros while as of this month (September 2018) one U.S. dollar could be exchanged for about .86 Euros. The five year forecast is that one U.S. dollar will allow you to purchase .66 Euros. Now consider Bitcoin against the dollar. Today, Bitcoin traded at $6,268.14, so the price decreased by -54% from the beginning of the year. The forecasted Bitcoin price at the end of 2018 is $5,433 – and the year to year change -60%. Explain why you think this fluctuation in the exchange rates of currencies occurs? Then, what do you believe will be the impact of the fluctuation of exchange rates between the dollar and the euro just noted above on German automobile manufacturers? Explain your answer.