(Answered) Discussion300 words with 2-3 credible sources cited in

Accounting

Discussion:

300 words with 2-3 credible sources cited in APA

This question will make you explore the GBP / USD exchange rate relationship in this year.

a) Figure out the average spot rate for these 2 currencies for November 30th, 2016 and November 30th 2017 (Cite the source - make sure it is a reliable one). Then calculate to the second decimal place in percentage terms how much:

i. USD has appreciated or depreciated.
ii. GBP has depreciated or appreciated.

b) What is the 1 month and the 6 month forecast for this pair's exchange rate? Which currency is becoming stronger and by what %? (Cite the source - make sure it is a reliable one)

c) What factors in the next 6 months do you think would impact the exchange rate and could make it different from what you cited in part (b)?

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