Currency Case Study

In: Business and Management

Submitted By quickandeasy
Words 367
Pages 2
Central Issue
Is there an easier way to exchange foreign currency in the future?
The author has problem converting one currency to another when travelling to multiple countries. Sometimes, places won’t even accept certain type of currency. (ex traveler’s checks, personal checks, or currency from another country other than U.S.) Some countries does not have a stable rate of exchange, and that can lead to major disadvantage for a person that’s doing business or just travelling around the area. Every place seem to have it’s own exchange rate, and no one really knows which one is the best unless you ask around and check it out for yourself. This can be a bit time wasting for the person who is looking for maximizing their buying power.
Recommended Course of Action
I think the best way is to create a website, and having people updating it all around the world. That way you can log on using your cell phone and see the constant rate of exchange for any country. We shouldn’t rely on airport exchange station because that’s one of the worst place you can exchange money for any country. This idea will be similar to something that we have in the U.S. for gas station prices. People can update it and tells you what their local price is at.
Basis for recommendation
I think having a customer base website to where everyone can update the best currency trading locations will help travelers all over the world. It will save time and also give travelers a peace of mind. This solution beats other solution because it saves time, and also is the best route for exchange when the countries have an unstable rate of exchange. All other alternatives seem time consuming and uncertain.

Reasonable Alternative course of action
1) Exchange it at the bank – service too high.
2) Exchange at the black market – you never know if you are getting a good rate.
3) Exchange with…...

Similar Documents

Case Study Case Study Case Study

...This case study is an excellent example of how different types of parties can be brought together in a large scale transaction and how the original energy of those early meetings can be lost over time. I imagine that when Anthony Athanas was purchasing those old piers back in the 1960s many, if not all, of his colleagues, friends, and family members told him that he was off his rocker. I’m sure Athanas was looking at this land as his family’s ticket to financial prosperity and somewhat of a legacy that he could leave to his descendants for years and years to come. One of the items I wish the case would have divulged is the amount of money that Athanas had invested in the properties. For me this information would have given an insight to his net worth and how much he had riding on this investment. I assume it was substantial given his actions later in the process. Twenty years later Athanas’ dreams came true and all those naysayers were more than likely green with envy. The amount of pride Athanas’ had in his investment at that moment had to have been insurmountable. Being approached by a big time real estate development company and their extremely wealthy client, Hyatt Corporation, must have made Athanas feel larger than life and made him feel like something he isn’t, which is a developer himself. The case doesn’t give much insight into whether Athanas had any representation or anyone consulting him throughout the process. From the beginning, I saw this as matchup...

Words: 1190 - Pages: 5

Case Study

...012-IBE-CaseStudies.docx Academic Year 2011-2012 International Business Environment Jean-Guillaume DITTER, PhD Groupe ESC Dijon Bourgogne – Burgundy School of Business SUPPORT DOCUMENT I - CASE STUDIES The texts making-up this document review and emphasize significant issues covered during the sessions. The questions asked at the beginning of each set of texts are meant to help students identify the issues that they should pay attention to. Students will work in teams on one single case study (see class outline for number of students per team). Each team will produce a presentation slideshow of its case study (7-10 slides per presentation, depending on the size of the case). Slideshows will be presented orally during sessions, according to the class outline (1520mn per presentation). Each team member will actively participate in his/her team presentation. Page 1 of 35 012-IBE-CaseStudies.docx CONTENTS Case Study 1. Text 1. Text 2. Text 3. Case Study 2. Text 4. Case Study 3. Text 5. Text 6. Text 7. Case Study 4. Text 8. Text 9. Text 10. Text 11. Text 12. Text 13. Case Study 5. Text 14. Text 15. Text 16. Text 17. Text 18. Text 19. Case Study 6. Text 20. Text 21. Case Study 7. Text 22. Text 23. Text 24. Text 25. Chinese Mercantilism .................................................................................................... 3 Chinese New Year ............................................................................................................

Words: 18376 - Pages: 74

Case Study

...Introduction to International Finance Case Study Assignment credit 30% of the marks for the module are awarded for this case study. Date handed out: 21 March 2014 Maximum word length for reports: 1,500 (not including appendices) Report submission: 23 April 2014 You should produce a consultancy report rather than answer questions by questions. Blades, Inc. Case A. Decisions to Expand Internationally Blades, Inc, is a U.S.-based company that has been incorporated in the United States for three years. Blades is a relatively small company, with total assets of only $200 million. The company produces a single type of product, roller blades. Due to the booming roller blade market in the United States at the time of the company’s establishment, Blades has been quite successful. For example, in its first year of operation, it reported net income of $3.5 million. Recently, however, the demand for Blades’ “Speedo”, the company’s primary product in the United States, has not been performing well. Last year, it reported a return on assets of only 7 percent. In response to the company’s annual report for its most recent year of operations, Blades’ shareholders have been pressuring the company to improve its performance; its stock price has fallen from a high of $20 per share three years ago to $12 last year. Blades produces high-quality roller blades and employs a unique production process, but the price it charges is among the top five percent in the industry. In light...

Words: 1319 - Pages: 6

Case Study

...Suggested Format for Case Analyses: 1. Executive Summary: brief 1 paragraph stating key problem(s) and your main recommendation(s)/decision(s). 2. Problem Identification: 1-2 page write-up of the key problem(s) you have identified within the case. This should not be a re-hash of the case itself. The Case Study questions should help you address the issues in this section. 3. Action Plan: 1-2 page write-up of your proposed solution to the problem(s) with detailed steps as to how to proceed with implementing your proposal. 4. Financial Analysis: 1-2 page write-up of the financial analysis that supports the recommendation(s) you have presented in the Executive Summary and Action Plan. Use an electronic spreadsheet to do the calculations and print out these figures as an attachment to your case analysis. Case Study Questions: Tiffany & Co.—1993: Should Tiffany actively manage its yen-dollar exchange rate risk? Why or why not? If Tiffany were to manage its exchange rate risk activity, then what should be the objectives of such a program (e.g., what specific purpose or theoretical rationale can justify a decision to hedge the yen-dollar risk)? Assuming Tiffany wanted to hedge this risk, try to identify what exposures should be managed via such a hedging program (e.g., hedge sales, net income, cash flow, etc.). Also, try to quantify how much of these exposures should be covered and for how long. Identify, in terms of cost, benefits, and risk, the......

Words: 722 - Pages: 3

Case Study

...Sharp Corporation - Beyond Japan: Case Study In: Business and Management Sharp Corporation - Beyond Japan: Case Study Executive Summary: Faced with major losses from operations, Sharp Corporation’s president, Mikio Katayama, questioned the whether it was necessary to reform the current business operating model. Sharp’s current operating model contained several flaws.  It placed sensitive, high-value-added operations such as research, development, and component manufacturing near its headquarters in Japan. Faced with threats such as intense industry competition, currency risks, very high transportation and utility costs, and extremely high infrastructure costs and high corporate tax rates, Sharp Corporation needs resources in the forms of new methods, technology, and approaches to doing business in the modern world. It is recommended that the company remodels their operating model in order to emphasize cooperation with other firms. Cooperation with other firms can take place in many forms, such as partnerships and joint ventures, and provides firms with many advantages. Sharp will greatly benefit from cooperative agreements since they are cost effective, provide financial support, and allow for more creative brainstorming. In addition, the economic risk is shared, and firms may help each other to tap into new technologies, methods, and approaches. Sharp Corporation needs outside help in order to achieve a turnaround. Joint ventures and partnerships with other firms open......

Words: 305 - Pages: 2

Case Study

...International Financial Management – Case Study #2 Nodal Logistics and Custo Brasil Deadline: Monday, 11/10/2014 How to get the case Nodal Logistics and Custo Brasil by Michael Moffett Source: Thunderbird School of Global Management 11 pages. Publication Date: Nov 15, 2008. Prod. #: TB0049-PDF-ENG The easiest way is to go directly to: http://hbr.org/store You will need to create an account and to use a credit or debit card to process payments. You can purchase the case in either digital (PDF) or hard copy, as you prefer. It should be about $9. Harvard Business Publishing offers a new way to buy cases – as part of a “coursepack.” I have not had a chance to try this out. But the case should be available at a 50% discount using the following link: http://cb.hbsp.harvard.edu/cbmp/access/31390448 Rules for case studies The way we will handle case studies is the following. You should hand in a written analysis, addressing the points discussed below. While I will moderate this discussion, the actual analysis should originate from you, the students. Hence, while you will not be asked to offer a formal presentation (simply, the size of the class makes it unfeasible, in my opinion), you should come to class prepared to discuss and defend your analysis. I will take your in-class contribution into account when grading your case analysis. You can work alone, if you so prefer, but I recommend finding one or two people to cooperate with. So, just to be clear, the maximum...

Words: 748 - Pages: 3

Case Study

...Olaes, Chelsea Shane B. BA4FM-A Case Study 1, Creating the International Trade Organization Page 1 of 1 The US State Department presented a charter for the creation of International Trade Organization (ITO) together with the World Bank & International Monetary Fund which were created at the Bretton Woods Conference. Those institutions would compromise a comprehensive system for the management of international economic affairs. The proposed ITO was also designed to address a wide variety of international economic issues. Before the ratification of ITO, many groups opposed it because they rejected the underlying principle of freer trade which lower the living or environmental standards. Another powerful set of opponents from the opposite side of the political spectrum were so-called perfectionist who objected to the ITO on the grounds that it would not go far enough in liberalizing world markets. They were especially concerned that the United States would be held to a higher standard than the rest of the world. IMF & WB are two international institutions which are necessary to address future economic issues and so forth. The purpose of IMF was to monitor the new exchange rate mechanism, to provide liquidity when necessary and to encourage countries to move toward free currency convertibility for current account transactions. While the World Bank’s role was to finance post war reconstruction in devastated economies and thereby to promote long term economic......

Words: 347 - Pages: 2

Case Study

...International Financial Management – Case Study #2 Nodal Logistics and Custo Brasil Deadline: Monday, 11/10/2014 How to get the case Nodal Logistics and Custo Brasil by Michael Moffett Source: Thunderbird School of Global Management 11 pages. Publication Date: Nov 15, 2008. Prod. #: TB0049-PDF-ENG The easiest way is to go directly to: http://hbr.org/store You will need to create an account and to use a credit or debit card to process payments. You can purchase the case in either digital (PDF) or hard copy, as you prefer. It should be about $9. Harvard Business Publishing offers a new way to buy cases – as part of a “coursepack.” I have not had a chance to try this out. But the case should be available at a 50% discount using the following link: http://cb.hbsp.harvard.edu/cbmp/access/31390448 Rules for case studies The way we will handle case studies is the following. You should hand in a written analysis, addressing the points discussed below. While I will moderate this discussion, the actual analysis should originate from you, the students. Hence, while you will not be asked to offer a formal presentation (simply, the size of the class makes it unfeasible, in my opinion), you should come to class prepared to discuss and defend your analysis. I will take your in-class contribution into account when grading your case analysis. You can work alone, if you so prefer, but I recommend finding one or two people to cooperate with. So, just to be......

Words: 748 - Pages: 3

Case Study

... SELECTED CASE STUDIES ANALYSIS This document has three short case studies that are considered classic. They are older but have timeless lessons. In addition, the case studies at the end of chapters 2 &3 of your textbook are good. Deliverable: Read these case studies carefully and develop a short report (2-3 pages) to discuss the key lessons learned from each and the similarities/differences between the case studies. It is best to use a table of the following format for this analysis. You can then reference this table when you take Quiz 2. Suggestion: For each case study, list 5 key lessons learned and then discuss (few sentences) how these lessons are related to each other. Same lessons can be learnt from different case studies (for example, many companies ignore the importance of technologies). Note: Please do your own research to get some additional information about these companies. |Assignments |Questions | | |What are the 5 key lessons learned from this case study | |Read the GE Case Study |What is the relationship to Other Case Studies (common lessons, new lessons) | | |What are the 5 key lessons learned from this case study | |Read the Rand McNally Case Study ......

Words: 6343 - Pages: 26

Case Study

...a d e t o a n a l y z e t h e reasons for rising gold demand and prices in Indian market and its relationship w i t h t h e f o r e x m a r k e t , t h e f l u c t u a t i o n s i n t h e s t o c k m a r k e t and t h e s o a r i n g crude oil price in the international market. Key words: Stock Market, BSE SENSEX, Gold prices, FOREX Market, Crude oil prices. dwells on the rise in price of the yellow metal. I Dr. Vikram K. Joshi, Asst Professor, Dr. Ambedkar Institute of Management Studies and Research Deekshabhoomi, Nagpur. Email: vikramkjoshi@gmail.com n India, gold standard was treated as one of the most important measures or instruments of monetary system. The gold standard ceased to function a long time back but gold bullion still retains some of its old halo. Gold bullion still figures in the discussions of the monetary system. Gold bullion is prized even in the age of demat trading and plastic money, because of its inherent quality as the original currency for trading, and therefore, a symbol of financial security. Paper money has been known to become worthless in a matter of days and stocks in a matter of hours. But gold hardly loses its glitter. Since 1980s, the perception of gold has slowly changed from an asset that must be hoarded to guard against a rainy day to a commodity that can be traded. This may be one of the reasons why India is the world’s largest consumer of gold, importing around 800 tonnes annually. As gold which......

Words: 3754 - Pages: 16

Case Study

...Chapter 1 The Strategic Role of Human Resource Management Cases and Exercises Experiential Exercise: HRM As A Strategic Partner in Strategic Planning (page 29) Examples of possible answers to the critical issues are: |Critical Issue |Effect on existing employees |Potential HR role(s) | |(Example) |(Example) |(Example) | |Distance learning technology |Need for better computer skills. |Provide greater technical training. | |Government reductions in funding to |Less money for raises – potential turnover |Focus on HR programs that increase job | |higher education | |satisfaction. Improvements in | | | |productivity. | |Greater workforce |Current employees may have communication |Diversity training needs will increase | |diversity |difficulties; culture shock | | |More international |Greater classroom diversity; communication |Cross cultural training for faculty. | |students |challenge. ...

Words: 12803 - Pages: 52

A Case Study of Currency Crisis

...A Case Study of Currency Crisis: The Russian Default of 1998 Background of Russia Russian Federation was formed in 1991. The country tried to maintain a fixed exchange rate however, Russia had a “fragile fiscal position”(Economic Report)  which turned unstable as the world markets changed. Up until 1997 Russia had slow but eventually a year of positive economic growth, at which point the country started to stumble. Russia launched a reform program in 1992. At the time of 1992, the monetary inherited from Soviet times resulted in an increase over 350 percentage of price level in a month. Rumbles was introduced in July 1992, inflation became the central concern in the relief. With limited foreign reserves, Russia joined the IMF and World Bank on June 1, 1992 and agreed several economic transition programs that would bring fund of billions of US dollars. After 4 years of economic stabilization and control of inflation rate, Russia’s inflation fell from 197% in 1995 to 47.7% in 1996 and 14% in 1997. In 1993, a short debt term instrument, Government Short Commitments (GKO), was introduced. It provided the government with an extra, non inflationary to finance its budget deficit. Russia’s fiscal deficit fell significantly, from 11% of GDP in 1994 to less than 5% of GDP in 1995. CBR’s foreign reserves increased from 4 billion US dollars in 1994 to 14.4 billion US dollars in 1995. However, one third of ruble short-term debt was held by foreign investors. Direct foreign......

Words: 1162 - Pages: 5

Case Study

...Citigroup and Subprime Lending Unit 7 Case Study Pg 714 -716 1. Are there moral concerns associated with subprime lending? Are those moral concerns based on utilitarianism, rights, or justice considerations? Before we discuss the first question let’s get a working description of what subprime leaning is. A subprime lender is financial entity that has an inclination to lend to consumers that are not qualified for traditional loans due to their poor credit status and history of repayment difficulties. Lending to subprime candidates helped lead to secondary mortgage market issue sin 2008 (“Subprime lender,” 2011). A subprime loan is a loan with elevated fees and interest, given to someone with a lower credit score (“Subprime loan,” 2011). A major profit source for CitiFinancial and the Associates was subprime lending, this is lending to people who did not meet the customary credit requirements of banks. In the 90’s this lending had provided access to credit to many people who would not have qualified for prime loans because of their credit history. In one study the researchers found that 35 percent of the subprime borrowers were over 55 years and African Americans were twice as likely to borrow in the subprime market as in the prime market (Baron, 2010). There were a few forms of subprime lending that CitiFinancial and the Associates dealt with. One of those forms was home equity loans marketed to borrowers to consolidate their bills. Another aspect of......

Words: 3619 - Pages: 15

Case Study

...questions out of which students will be required to attempt any four questions. Section B carrying 20 marks will contain one or more cases. Cases prescribed below are only for classroom discussion and internal evaluation and not for end semester examinations Course contents 1. Concept of Management Functions and Responsibilities of Managers, Fayol's Principles of Management, Management Thought The Classical School, the Human Relations School, Systems Theory, Contingency Management, Developing Excellent Managers. Cross cultural issues in management. Case:Shui Fabrics. 2. Planning Nature and Purpose of Planning, The Planning Process, Principles of Planning, Types of Planning, Advantages and Limitations of Planning. Case:Planning for Diversified Activities in a Changing Environment 3. Concept and Nature of Objectives: Types of Objectives, Importance of Objectives, Setting Objectives, Management by Objectives (MBO), Benefits and Weaknesses of MBO. Case:Detroit and Toyota 4. Strategies and Policies: Concept of Corporate Strategy, Formulation of Strategy, Types of Strategies. The Strategic Planning Process, The TOWS Matrix, The Portfolio Matrix, Three Generic Competitive, Strategies by Porter, Effective Implementation of Strategies, Types of Policies, Principles of Formulation of Policies, Decision Making Process, Individual Decision Making Models. Case: Coke verses Pepsi 5. Organizing Nature and Purpose of Organizing, Bases of Departmentation, Span of Management, Determinants......

Words: 8599 - Pages: 35

Case Study

...CASE STUDY   Materials Management (MM) Case Study This case study explains an integrated materials management process in detail and thus fosters a thorough understanding of each process step and underlying SAP functionality. Product SAP ERP G.B.I. Release 6.04 MOTIVATION The data entry requirements in the materials management exercises (MM 1 through MM 5) were minimized because much of the data was stored in the SAP system. This stored data, known as master data, simplifies the processing of business transactions. In the procurement process, we used master data for vendors, materials (products we purchased) to simplify the procurement process. In this case study, we will create the master data for a new vendor and a new trading good. PREREQUISITES Before you use this case study, you should be familiar with navigation in the SAP system. In order to successfully work through this case study, it is not necessary to have finished the MM exercises (MM 1 through MM 5). However, it is recommended. Level Undergraduate Graduate Beginner Focus Materials Management NOTES This case study uses the Global Bike Inc. (G.B.I.) data set, which has exclusively been created for SAP UA global curricula. Authors Bret Wagner Stefan Weidner Version 2.01 © SAP AG CASE STUDY Process Overview Learning Objective Understand and perform a purchasing process cycle Time 140 min Scenario In order to process a complete purchasing process you will take......

Words: 6912 - Pages: 28

Text Express Deluxe | 490 افلام تركي 2017 HD 6.3 ﺩﺭاﻣﺎ فيلم سيد النوارس 2017 مترجم اون لاين مشاهدة وتحميل فيلم الدراما سيد النوارس 2017 Martilarin Efendisi 2017 كامل اون لاين وتحميل مباشر بجودة... | June 30, 2018