Assignment 7

Assignment 7 - Over the past year the dollar has gained...

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Adam Ohanesian May 3 rd , 2011 Assignment #7 Research Task #1 The following chart is a one year currency chart showing the value of the American dollar to the Euro. I developed the chart from April 2010 to April 2011 since we are only a few days into this month and the data is not complete yet for this month. Time Frame Value April-10 1.34095 May-10 1.25653 Jun-10 1.22085 Jul-10 1.277 Aug-10 1.29029 Sep-10 1.3067 Oct-10 1.38978 Nov-10 1.3661 Dec-10 1.32201 Jan-11 1.33654 Feb-11 1.36452 Mar-11 1.39992 Apr-11 1.44484 The only pattern I could see was that during the summer months the rate was at its lowest points and slowly increased once summer was over.
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Unformatted text preview: Over the past year the dollar has gained slightly over the Euro. Source: 2010 data - http://www.x-rates.com/d/USD/EUR/hist2010.html 2011 data - http://www.x-rates.com/d/USD/EUR/hist2011.html Research Task #2 The conversion of 30 million Australian dollars (AUD) to American dollars (USD) is $32,593,355 and the conversion of 15 million British pounds (GBP) to American dollars (USD) is $24,717,112. Given those facts, I would recommend expanding to the United Kingdom as the minimum investment needed is lower. Source: http://www.x-rates.com/calculator.html...
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This note was uploaded on 09/02/2011 for the course GSB 603 taught by Professor Benedetto during the Winter '10 term at Nichols.

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Assignment 7 - Over the past year the dollar has gained...

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