International Finance

International Finance Regular Assignment

This assignment is to create the research journal summarizing the information about capital markets and foreign exchange rate of your interest on a daily basis for the following periods: Period 1 (Between September 6 and October 3) and Period 2 (October 18 and November 14). You can choose one of two periods or both periods for your assignment. If you choose period 1, the due date is October 10. After finding out your grade on this assignment by October 16, you can decide whether or not you will participate in Period 2 activity. If you’re satisfied with your assignment grade, that will be your final assignment grade. If you are disappointed with your assignment grade for Period 1 and want to improve your assignment grade, then you can try to re-submit the report for Period 2. The due date for period 2 is November 21. The higher assignment grade will be your final assignment grade. If you choose period 2 from the beginning, you have no makeup opportunity at all. Therefore, you need to do your best to make a good report.
Instruction:
First, you should select a foreign country of interest. The list of 51 countries is given. When you select the foreign country of interest, you should make sure that you are able to collect the information about the representative stock market index, bond interest rates, and foreign exchange rates for that specific foreign country as well as the US. To collect the relevant data, you should use Google search or finance.yahoo.com or similar websites. For example, the following is the link for the website including historical data of 55 foreign exchange rates: https://www.ofx.com/en-us/forex-news/historical-exchange-rates/
Second, once you decide about the foreign country of your interest, you should upload your choices via the link above.
Sweden is the country of interest
You need to use real data
Third, once I approve of your choice, then you should begin creating the research journal daily from the date of September 6 until October 3. You should collect and record the data related to the stock market, bond market, and foreign exchange market. Then you should summarize one or two relevant pieces of news you think in terms of the U.S. Stock market, Foreign Country’s stock market, U.S. Bond market, Foreign Country’s Bond market, and the Foreign exchange rate of interest.
Final Report due date: October 10, 2020 (Period 1), November 21 (Period 2).
The due date is important because you should forecast how the stock market, interest rates, and the foreign exchange rate will be changed as of a specific date given based on the data you collected. If you submit the assignment beyond the due date, your forecast date will be adjusted. For example, if you’re a day late, the new forecast date for the period 1 project will be Oct 2.
The final report must include the following information:
1. The reasons you choose a specific foreign country and foreign currency
2. Summary of your data collection and relevant news
3. Your forecast about the stock market, bond market, and foreign exchange rate of interest in the foreign country chosen as well as in the U.S. as of October 15 (Period 1) and November 26 (Period 2). You need to forecast the stock market, interest rates, and foreign exchange rate based on the data you collected during the 4-week period given.
Instructor’s comments
The sample research journal I created was also posted. For example, I chose South Korea. Therefore, I tried to find out information about U.S. stock market indices, Korea stock market index, US interest rates, Korea interest rates, and the foreign exchange rate between South Korea and the US (KRW/USD) and record them on page 1. Then I tried to find out relevant news about all the data I collected and summarize them on page 2. You should repeat this procedure daily. Finally, you should create your final report based on this activity.