Buying and selling currency is a major market in the world of finance. Calculating the amount of the currency purchased is an integral part of the transaction, exchange rates are established to convert one currency to another, the rates change constantly as large blocks of currency are bought and sold. The exchange rate for a given currency may fluctuate many percentage points in a single day.
For this RWLO, students will learn how to create a currency trading Simulation and test it using real-time currency exchange rates. Students will access the exchange rates using the internet and apply them to a theoretical buy and sell scenario. Students will determine the results of the exchanges at the time of buy and sell, they will analyze the transactions to determine if a profit or loss was made.