Currency Exchanges, or Currency Fluctuations, and how it affects the transactions of international

I need 2 replies and have added numerous posts in the word document to choose from. 100 words minimum and cite a source for each one please and thank you.

The discussion posts in this class require professional essays and are worth 10 points in total each week.

Original discussion thread post due by *Thursday at 11:55 PM (EST)*.
Research an event related to Currency Exchanges, or Currency Fluctuations, and how it affects the transactions of international business Be sure to use credible sources for this current event.
Other Requirements
The original post must contain a minimum of 300 words. Students must demonstrate critical thinking by paraphrasing the material into their own words.
All citations should be in APA format with a reference listing at the bottom of the post.
Cite 2 quality sources.

Two reply posts are due by Sunday at 11:55 PM (EST)*
Review other students’ posts before deciding what and where to structure reply posts. Students must post a minimum of 2 replies that must be unique to other students. Replies should build upon the original discussion thread (and other replies posted prior) with further details on lesson concepts, additional research, business examples, etc.
Replies require short essays and must contain a minimum of 100 words each. Replies must be constructive which means they do not simply state agreement or disagreement re-highlighting points already made in prior posts. Replies must offer additional information or input to the discussion and lesson concepts.
Research Help
All cited articles in this course must come from a reliable source to earn credit. If you need help with research, there is assistance available. Review the following resources:

Learning Resources Services for Students
SPC Online Library
Ethics Research LibGuide
Ask-a-Librarian
Learning Resources
Learning Resources’ Contact Information Guide
Academic Search Complete
America’s News
Discussion Rules

Do not attach files (or drag and drop) to Discussions. Attachments will receive 0 points, as other students should not have to read attachments. This is to avoid spreading viruses. Do copy and paste to the Discussion topic.
Assignment posts will be graded for content and completion. College-level grammar, spelling, and punctuation are always required.
Your assignment post must meet the minimum word count when one is given, and include the word count.
Read the reply posts to your assignment post, especially if they are from your professor.

ANSWER

Responses Currency Fluctuations

Hello Paul, first, I like the way you took a different approach and chose Zimbabwe as your area of research and discussion. Since the hyperinflation under President Mugabe’s reign, Zimbabwe has been trying to recover and get its economy back in line, but that has not yet happened (Coomer & Gstraunthaler, 2011). The annual inflation rate in Zimbabwe was 540% in February 2020. The drought in 2019 and the pandemic in 2020 have not done the country any good as the country continues to struggle with inflation and currency fluctuations. I agree with you that if the fluctuations had happened in the US, it would have been a global problem.

Response 2

Hello Wilson, indeed, the Euro has been struggling to retain its value. In international business, currency fluctuations affect businesses. While normal people will never pay attention to currency fluctuations, they mostly trade using local currencies, and international businesses are affected by such fluctuations (Ward-Glenton, 2022). The fluctuation in the Euro is a result of the war in Ukraine, which has negatively affected the outlook of the area as no investor would risk taking their business to Ukraine or Russia recently. There were also Russian sanctions as a result of the war, which led to a further decline of the Euro.

References

Coomer, J., & Gstraunthaler, T. (2011). The Hyperinflation in Zimbabwe. Quarterly Journal of Austrian economics, 14(3).

Ward-Glenton, H. (2022, August 23). Euro trades at a two-decade low against the dollar. and some think it could slide much further. CNBC. Retrieved September 4, 2022, from https://www.cnbc.com/2022/08/23/euro-trades-at-two-decade-low-against-dollar-and-it-could-slide-further.html