BBB4M – Unit 1 – Lesson 9: Currency and Foreign Exchange

Overview

Duration

100 minutes

Lesson Objective

• To learn about the importance of currency to international business.

Lesson Outcomes

• Explain why citizens or businesses in one country might require the currency of another country.
• Explain how foreign exchange values are influenced by supply and demand.
• Explain how an increase (or decrease) in the availability of a currency may cause a decline or rise in that currency’s foreign exchange value.

The Lesson

Sequence

1. Riddle me this…
2. Starter: 60 Seconds: How many currencies can you name?
3. Introduction to Currency [teacher led instruction].
4. Foreign Exchange Market Game.
5. Game Reflection Questions [individual task].
6. Factors Affecting the Value of Currency [teacher led instruction and note taking].
7. Currency Reflection Questions [individual task].
8. Review: Summary Question [individual task].
9. Homework: Exchange Rate Conversion Worksheet.

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