Purpose:

A game that introduces the key concepts of exchange rates.

Learning Objectives:

At the end of the game, students should:

• Understand the causes of changes in exchange rates
• Understand the functioning of foreign exchange markets
• Understand the impact of changes in exchange rates on currency portfolios
• Develop numeracy skills related to calculating currency exchange rates

Requirements:

• Printed out activity sheet for each student
• Currency trading form templates:
  • HTML version
  • Word version

Timing:

Flexible

Method:

The aim of the game is for students to familiarise themselves with some of the key concepts involved in exchange rates. The aim for the student is quite simple - turn the initial sum given into as big an amount as possible in the time given!

The amount of time you wish to devote is entirely flexible. The original time frame was five weeks. The most important aspect of the game from the teacher's perspective is ensuring that students submit their Trading Sheets - this can be done manually but is also possible through email if your institution has the facility. It will also be important to ensure that the student has done the calculations correctly and this might be something that you will want to spend some time ensuring is prepared properly prior to the game beginning.

It is conceivable that you could request students submit their calculation sheets to help make life a little easier and to avoid the necessity of having to check every calculation which for a reasonable sized group could prove rather onerous.