BBB4M Unit 1 Ch 2 P3 Marchese
Currency Assignment
/20
PART I /6
a) Using the Currency Calculator at www.x-rates.com/calulator, calculate how much
$1.00 Canadian will entitle you to of each of the following currencies. (4 marks)
American Dollar $0.70 USD
Turkish Lira 34.42 TRY
Australian Dollar $1.01 AUD
Chilean Peso 644 CLP
Romanian Leu 3.28 RON
Norwegian Krone 6.76 NOK
Euro 0.62 EUR
Chinese Yuan 4.71 CNY
American Dollar/Turkish Lira/Australian Dollar/Chilean Peso
Romanian Lau/Norwegian Kroner/Euro/Chinese Yuan
b) What does the value of each currency (against the Canadian dollar), tell you about
the strength of the economies of these countries? Make a general statement about all.
[2 marks]
The size of a state’s currency depends on its economic situation, the level of inflation,
interest rates, and the demand for this country’s goods and services. Therefore, if one
currency equals more significant units of another, it does not mean that the former’s
economy is stronger than the latter’s because the sizes of money in different states may
vary. Consequently, several economic forces usually determine the exchange rate of a
currency, and the value of one state’s currency alone cannot characterize the strength
of this economy.
PART II /8
a) Find a current article from newspaper or magazine that describes the conditions that
are impacting the Argentinian currency (Peso).
Please provide the link for your chosen article. [4 marks]
Article: “Argentina posts $2.21 billion current account surplus for second quarter,”
Reuters, September 29, 2026.
The state of the Argentine peso depends on how the economy and finances of
Argentina are doing. A significant component of this is the current account, which
Currency Assignment
/20
PART I /6
a) Using the Currency Calculator at www.x-rates.com/calulator, calculate how much
$1.00 Canadian will entitle you to of each of the following currencies. (4 marks)
American Dollar $0.70 USD
Turkish Lira 34.42 TRY
Australian Dollar $1.01 AUD
Chilean Peso 644 CLP
Romanian Leu 3.28 RON
Norwegian Krone 6.76 NOK
Euro 0.62 EUR
Chinese Yuan 4.71 CNY
American Dollar/Turkish Lira/Australian Dollar/Chilean Peso
Romanian Lau/Norwegian Kroner/Euro/Chinese Yuan
b) What does the value of each currency (against the Canadian dollar), tell you about
the strength of the economies of these countries? Make a general statement about all.
[2 marks]
The size of a state’s currency depends on its economic situation, the level of inflation,
interest rates, and the demand for this country’s goods and services. Therefore, if one
currency equals more significant units of another, it does not mean that the former’s
economy is stronger than the latter’s because the sizes of money in different states may
vary. Consequently, several economic forces usually determine the exchange rate of a
currency, and the value of one state’s currency alone cannot characterize the strength
of this economy.
PART II /8
a) Find a current article from newspaper or magazine that describes the conditions that
are impacting the Argentinian currency (Peso).
Please provide the link for your chosen article. [4 marks]
Article: “Argentina posts $2.21 billion current account surplus for second quarter,”
Reuters, September 29, 2026.
The state of the Argentine peso depends on how the economy and finances of
Argentina are doing. A significant component of this is the current account, which
