International Business – BBB4M
Mr. Flanders
Section 1.5 - Barriers to Trade — Internet Exercise
The daily currency exchange rate has a significant role in international trade. Countries
trade both currencies and products to stimulate the country’s economic wealth. However,
the fluctuating value of currency on international markets can be a major barrier to trade.
Why?
Part 1: Access “Google” and compare 3 more exchange sites. Fill in the chart
below. Enter the web address under “Site #”.
Criteria to
Evaluate
What rates can
you find here?
Are there any
news items or
special pieces
of information?
Can you readily
access
Canadian Rates
verses other
currencies?
National Origin
of Site?
Site #1
www.xe.com
Site #2
Site #3
Site #4
Part 2:
Comparing International Currencies
Complete the chart below for the selected currencies. Use the last cell to find
another currency.
Country
Canada
Australia
Brazil
China
Japan
EURO
Great Britain
Denmark
Hong Kong
India
Pakistan
Saudi Arabia
Sweden
Switzerland
Pick one
other
ISO (3)
Currency code
Currency
Name
Exchange Rate
($CAN/unit)
Converted
Amount
(Units/$CAN)
1.00
1.00