Question :

You have just won a free trip to the destination of your preference and all airline or other transportation costs are provided (ok, this is just pretend!), but you require to budget for your expenses through the three days you will be there as you want to be able to purchase the correct amount of foreign currency.

Using either the direct or indirect technique, prepare a budget to include your food, hotel, and entertainment costs for the three days. Select one of the subsequent locations and then using the suitable foreign currency conversion rate for the end of month prior to your departure date of March 15, 2011 (closing quote for February 28, 2011), tell the class the currency exchange technique, currency need for your location, quoted price, Internet link to that budget, quote amount in US dollars, and the amount of foreign currency you may need when you arrive.

For your response discussion need, critically observe the budget and currency calculations of another student.