Seasonal pattern in exchange rates for bank notes, Business Management

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Seasonal pattern in exchange rates for bank notes

Assignment:

1. Do you think that because of the costs of moving bank notes back to their country of circulation, buying foreign currency bank notes could sometimes be cheaper than buying bank drafts? Could there be a seasonal pattern in exchange rates for bank notes? (Hint: Think of what is involved in shipping US dollars arising from Americans spending summers in Europe versus Europeans vacationing in America.)

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