Would you rather travel abroad to a country in which the currency is appreciating or deprecating?...

Would you rather travel abroad to a country in which the currency is appreciating or deprecating? Why? If you have traveled aboard, were you concerned about the exchange rate? Why or why not? Briefly share your experience with foreign currency.(minimum 200 words)

Expert Solution

Ans.

>>Think of this as , If U.S currency which is dollar is appreciating in value , then when we exhange dollar for other countries currencies like INR ( Indian Rupees ) or Yen (Japanese Currency) , we will get more currecy when coverted by each dollar. 1$ appreciated in value in case of India, 76 inr from 68 inr , hence we will recieve money than usual and vice- versa. So , people most likely to visit a country where the dollar coversion rate is high , hence you will be able to spend more.

>>People are concered about the exchange rate as it keeps on changing everyday sometimes it appreciates in value and sometimes it depreciates . So its better to travel when the exchange rate is high . So , yes , i do concern about the exchange rate.

>>For my experience, when i went to Dubai , US dollar value was appreciating and which made be able to get more currency of that country to spend. So, in case of US dollars , it is a high value currency against most of the Asian Countries.

Rahul Sunny answered 2 years ago

Rather than going directly to college, some students take time off to travel abroad, learn new...

Rather than going directly to college, some students take time off to travel abroad, learn new skills, or volunteer. This period is known as a “gap year.” Real Gap Experience provides hundreds of gap year traveling opportunities in over 45 countries around the world. The company offers everything from volunteering to building houses in Guatemala to teaching in China (for pay) to taking a year-long, around-the-world trip. What does this have to do with accounting, and why is it important?...

As a student studying abroad and taking full advantage of travel opportunities. How could you plan...

As a student studying abroad and taking full advantage of travel opportunities. How could you plan your travels to maximize foreign currency translation as you cross borders while minimizing your personal tax burden? Do you think such an undertaking would or would not be worthwhile?

A research center claims that 29% of adults in a certain country would travel into space...

A research center claims that 29% of adults in a certain country would travel into space on a commercial flight if they could afford it. In a random sample of 1000 adults in that country, 31% say that they would travel into space on a commercial flight if they could afford it. At alphaequals0.05, is there enough evidence to reject the research center's claim? Complete parts (a) through (d) below. (a) Identify the claim and state Upper H 0 and...

A research center claims that 30% of adults in a certain country would travel into space...

A research center claims that 30% of adults in a certain country would travel into space on a commercial flight if they could afford it. In a random sample of 800 adults in that country, 33% say that they would travel into space on a commercial flight if they could afford it. At alphaαequals=0.01, is there enough evidence to reject the research center's claim? Complete parts (a) through (d) below. need Z= and P=

Suppose that country A pegs its currency to country B’s currency, and A has excessively high...

Suppose that country A pegs its currency to country B’s currency, and A has excessively high inflation. Country B is only likely to help A if: a. both are members of the International Monetary Fund. b. country B has a free trade agreement with country A. c. country B’s output is above its preferred level. d. country B does not trade at all with country A. e. country B’s output is below its preferred level.

2. Which would you rather have (i.e., which is worth more five years in the future)...

2. Which would you rather have (i.e., which is worth more five years in the future) if the annual effective interest rate is 3.5%: a. $12 000 today, or b. Five (5) annual payments of $3,000 beginning at the end of year one. 3. You’ve purchased your first home. The property taxes on it are $3,500 per year. The mortgage stipulates that the owner must pay 1/12 of the annual taxes each month to the bank so that the taxes...

A U.S. company, sells items abroad. Daisy prices many of these transactions in the currency of...

A U.S. company, sells items abroad. Daisy prices many of these transactions in the currency of the customer. Following are four such transactions made in the last accounting period, plus the direct exchange rates for each date: Country Amount Currency Spot Rate at Sale Spot Rate at Collection Argentina 250,000 Peso $0.118 $0.121 Canada 400,000 Dollar 0.932 0.954 India 300,000 Rupee 0.016 0.013 South Africa 100,00 Rand 0.091 0.087 Prepare the journal entries made by Daisy Brands to record the...

Hypothetically, which would you rather have? Formulas for both options, how you entered the values into...

Hypothetically, which would you rather have? Formulas for both options, how you entered the values into Excel to create column functions if that is easier for you. • A graph to show the growth of both options (use either Excel or Desmos). • The total amounts after the time is up for both options and which you would rather have, option A or B. • A paragraph… what did you learn from this project? Option A – For 30 days,...

9. Would the currency of a smaller developing country with capital controls and tariffs/taxes result in...

9. Would the currency of a smaller developing country with capital controls and tariffs/taxes result in Covered Interest Rate Parity (IRP) holding with respect to larger developed countries? Why or why not?

Which of the following is true? An undervalued fixed rate currency encourages inflation in that country...

Which of the following is true? An undervalued fixed rate currency encourages inflation in that country An overvalued currency is a sign of a trade surplus for that country An undervalued currency is a sign of an excess supply of that currency An overvalued currency increases a country’s exports A US corporation has a CNY1,000,000 account payable due in 6 months. To hedge its currency risk your company enters into an NDF contract. The current spot rate is CNY7.15/$, the...

Question