You have just won a free trip to the destination of your choice and all airline or other transportation costs are provided (ok, this is just pretend!), but you need to budget for your expenses during the three days you will be there as you want to be able to buy the correct amount of foreign currency.Using either the direct or indirect method, prepare a budget to include your hotel, food, and entertainment costs for the three days. Select one of the following locations and then using the appropriate foreign currency conversion rate for the end of month prior to your departure date of March 15, 2011 ,tell the class the currency exchange method, currency need for your location, quoted price, Internet link to that quote, budget amount in US dollars, and the amount of foreign currency you will need when you arrive.
One recommended site for historical currency quotes is: .You may choose any of the following locations: Paris, France; London, England; Sydney, Australia; Hong Kong, China; or Agra, India.
For your response discussion requirement, critically examine the budget and currency calculations of another student. Tell that student what they did correctly or incorrectly.