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Analyzing Currency Behavior Project Euro movements from June, 2019 to June, 2023
$1.2500 $1.2000 $1.1500 $1.1000 $1.0500 $1.0000 $0.9500 $0.9000 $0.8500 $0.8000
Spot exchange rate: Number of USD per Euro
Jun-19 Aug-19 Oct-19 Dec-19 Feb-20 Apr-20 Jun-20 Aug-20 Oct-20 Dec-20 Feb-21 Apr-21 Jun-21 Aug-21 Oct-21 Dec-21 Feb-22 Apr-22 Jun-22 Aug-22 Oct-22 Dec-22 Feb-23 Apr-23 Jun-23
Explain currency movements from Monday, September 18 through Friday, September 22, 2023
Choose one of the following three currencies or bitcoin to follow:
 British pound (closing spot price from the WSJ)
 Euro (closing spot price from the WSJ)
 Canadian dollar (closing spot price from the WSJ)
 Bitcoin price (collect from
For each day, September 18 through September 22, 2023 explain in your own words the reasons for the daily currency price movements (one page for each day; around 250 words per page, double spaced).
 Explaining currency movement: must include events from both countries and clearly state whether events in the US or in the foreign country had a stronger influence on the currency movement.
 Explaining bitcoin price movement: must include at least 2 or 3 economic, political, natural, and other events from US and around the world that influenced the price movement.
A two-page (around 500 words, double spaced) summary of major factors influencing currency or bitcoin price movements from September 18 through September 22, 2023. Summary of major factors must be based on the daily analysis (see number 2).
Forecast the October 31, 2023 spot exchange rate for your currency or the spot bitcoin price. Provide a two-page (around 500 words, double spaced) defense for your forecast.
List all references – provide full citation.
The length of this report should be around 9 to 10 pages.
Report submission:
 Due by 9 PM on Monday, October 2, 2023
 Submit a WORD file (will go through turnitin) via SAKAI
 No late assignment will be accepted without prior consent
 Be prepared to participate in-class discussion on Tuesday, October 3, 2023. Unexcused absence willresult in 5 points reduction in the project.
Requirements: as mentioned

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