Assignment task:
1. Watch the Video: "The Big Mac Index" (8:38)
2. Follow the LINK to the current Big Mac Index: The ECONOMIST'S "BIG MAC" INDEX This Index is located on the Economist Magazine's website. This is an interactive site, so you can click onto the map and see how much the Big Mac will cost in various countries. This also gives you information about whether the currency of that country is under- or over-valued.
3. Go to the Internet and Google NEWS for "Exchange Rates and International Trade" (or similar search terms). See example below. Select a news item relating to Exchange Rates and International Trade. Be sure to copy the LINK to the news item or article that you select. You will need to include this in your initial discussion board posting.
4. Answer the following
A. BRIEFLY explain
B. Include the LINK of the specific topic that you used
C. What are the challenges that currency exchange rates pose to doing business in a global market?
D. How can business use exchange rates to their advantage in conducting business globally?