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Performance analysis The market views and trading strategy combined were your plan “expectation” for the dealing simulation. Now, you will write about what actually happened in the dealing sessi
Performance analysis The market views and trading strategy combined were your plan “expectation” for the dealing simulation. Now, you will write about what actually happened in the dealing session. The performance analysis is about comparing the real outcomes with your initial expectations. • Discuss what actually happened during the dealing session. Were you able to use your strategy? Why or why not? Did you achieve your objectives? Why, or why not? Justify. • Use the output from your accounts section to discuss your performances: what are your final positions, realised profit or losses, average rates, Ultimately, to what extent have you been able to complete your tasks (primary and secondary)? Report how your profit or loss was made. To clarify, your profit or loss can be made in two different ways: 1. It is made by negotiating market rates such that you buy low, sell high. 2. The profit/loss calculation in the trading system uses the mid-market rate supplied by Eikon to calculate your opening balance in the AUD, and your net closing balance in the AUD. You would be required to carefully study your trading reports in order to determine whether the profit figure comes from (1), (2), or both. In addition to that, a good idea would be to refer to (a group of) trades that could have really put your group in a good position. For example, “Trades 15-21 and 24 is where we got a really good deal and managed to raise the JPY for the lowest cost possible, therefore contributing to our minimal losses incurred”. Making specific reference to your trades is recommended. • Do you feel that you have set up your organisation to take advantage of movements in exchange rates, if they move as you have predicted? Why or why not? (This is more important than making a profit ). This requires you to compare what your trading strategies were, against the movement of the spot rates during the three hours dealing session. You should justify why your trading strategies worked or failed. For example, at the end of the FX session, did you finish up being long or short of AUD, rather than maintaining a square position as desired? • Can you identify any transactions where you have bought and sold the same currency and made a profit or a loss? If you were buying a currency, how far were you off your benchmark? How do the rates obtained compare to the rate/prices for the day? • If you are a corporate, you are unlikely to make a profit for your primary objective over the course of the session. There will be profit only if you have bought and sold the same currency at favourable rates. It is important to comment on whether you have set up your organisation so that it will be able to take advantage of future movements in the rates (minimise cost). • Looking at your trade corresponding to your secondary objective you should explain which currencies you have bought and sold expecting to make a profit in the next few months based on your market. • Justify your actions and your final positions to your senior manager. If you made an error during the session, explain what occurred and what you have learned from it. • Analyse the session in terms of how you performed. How did you divide your responsibilities? Outline what you learned from the session. How could you improve in future sessions?
The idea of the performance analysis is to fully justify your final positions to your senior manager. It is okay to make mistakes, and you will not be penalised, for example, if you don’t achieve a profit in the secondary objective. What we are looking for is for you to be able to fully justify your final positions and to explain any errors that you may have made in the dealing session, and why you made them, rather than analyse you directly on performance (profit). The only time we consider your performance in the dealing session is if we notice that you have made extremely few trades (to quantify, this would be 10 trades or less).This is a group project. Then I was responsible for performance analysis. Therefore, I need to answer the following requirements. I have some data analysis information for you. But I don't know if you're up to itMy part should be 650-700 words.I don't need professional and complex academic terms. I want to write at a level similar to the team members. I hope that the answer is enough at the point.There should be no plagiarism rate for this assignment. I am afraid to be checked out..I have two team members here to complete the part they are responsible for. I want to give you a reference because we are a group. My part needs to be connected to their part. Is it safe to take pictures of their work?Our group predicts the foreign exchange rates through out economic factors. This report will analyses 2 currency pairs, which are EUR vs USD, EUR vs GBP. Our company has 720m EUR in our current account balance, we must make a coupon payment for 288m USD and a lease payment of 390m GBP. Not only interest rates and inflation rates can impact on monetary value, but also political and economic stability can influence currencies. The monetary value of USD is influenced by the engaging trade war between USA and China. The factor associated with trade war is currency depreciation. In order to alleviate the pressure on the export sector, trade war participants often devalue their national currency. The two-way trade between China and USA is estimated to be worth more than $640 billion annually. From agriculture to technology, industry may be negatively affected, as both producers and corporate interests (FXCM UK, 2019). Currently, existing US-China trade relations has influenced both USD and CNY. Donald Trump is stepping up protectionist rhetoric in the United States and fiscal deficits is increasing due to new tax codes, which often leads to currency depreciation regarded to Reagan’s tax cuts in 1985 and Bush’s tax cuts in 2001 (Financial Times, 2019). Therefore, we believe USD will depreciate against EUR in 2019 . The value of GBP is depreciating because of the Brexit. After Brexit, the value of GBP drops dramatically. A few days after the referendum, GBP against the EUR decreases 10.4% from 1.3017 euros to 1.1663 euros. GBP monetary value drops again on January 16, 2017, due to the tough attitude of Theresa May on Brexit and her announcement that UK will leave the financial market in Europe. Article 50 was triggered on March 29, 2017. This initiated the formal process of the UK exiting the EU, following with the GBP depreciation (Barton, 2019). We believe GBP will keep depreciating against EUR in 2019. FXCM UK. (2019). How Would A U.S.-China Trade War Impact The USD? - FXCM UK. [online] Available at: https://www.fxcm.com/uk/insights/u-s-china-trade-war-impact-on-usd/[Accessed 14 May 2019]. Financial Times. (2019). 17 reasons for a weak dollar. [online] Available at: https://ftalphaville.ft.com/2018/02/21/2198930/17-reasons-for-a-weak-dollar/ [Accessed 14 May 2019]. Barton, C. (2019). Brexit Exchange Rate Tracker - euro exchange rate after Brexit |. [online] Finder UK. Available at: https://www.finder.com/uk/brexit-pound [Accessed 14 May 2019]. Xe.com. (2019). XE: EUR / GBP Currency Chart. Euro to British Pound Rates. [online] Available at: https://www.xe.com/currencycharts/?from=EUR&to=GBP&view=1Y [Accessed 14 May 2019].
Xe.com. (2019). XE: EUR / USD Currency Chart. Euro to US Dollar Rates. [online] Available at: https://www.xe.com/currencycharts/?from=EUR&to=USD&view=1Y [Accessed 14 May 2019].
this is first member did.
Primary task: The main goal of our company is to exchange the euro for 288m USD for the Yankee bounds. In order to exchange the US dollar with less cost, in addition to the direct conversion method, the company can also exchange other currencies for the US dollar. Other currencies that the company can exchange for include the Australian dollar, the British pound and the Japanese yen. We will use the average exchange rate between currencies in the past month to compare which exchange method is the most cost-effective. In the table below, the unit is 10,000 euros. Assuming a bank fee of 1%, it is most cost-effective to calculate which way to exchange dollars. EUR Other currency USD 10000 11119.42 10000 15880.76AUD 11007.3041 10000 8555.07GBP 11008.326 10000 1219772.89JPY 11008.0310 It can be seen that the direct conversion of the euro to the US dollar is the most cost-effective. Mainly because the world's currency exchange rate is relatively maintained at a relatively average level, and the exchange rate change between currencies within one month will not exceed 0.03. Under this premise, the 1% handling fee charged twice in the exchange currency of the bank and the exchange rate difference in the actual transaction will generate a lot of wasted funds. Direct redemption saves bank charges for redemption in other currencies. The bank fee assumed in the table is 1%. In fact, the bank fee is likely to be much higher than 1%. In addition, the main task also provides for a exchange of 390m pounds to avoid foreclosure of company’s factory in the UK. As with the comparison method that the unit is 10,000 euros. Assuming a bank fee of 1%, we have the following table. EUR Other currency GBP 10000 8556.45 10000 15888.34AUD 8470.88531 10000 1222804.28JPY 8470.88485 10000 11122.17USD 8470.88183 Similarly, the most appropriate way to exchange euros for pounds is to convert directly. Secondary task: The company predicts that the weekly market still has good prospects. The American economy is still growing slowly, and the prospects of US stocks are also very optimistic. The exchange rate of the Australian dollar against the US dollar will fall. We maintain and develop partnerships with regional asset managers and business partners in North America and communicate with local government agencies and regulators. We will invest A$2 billion in the technology and medical industries in the United States. The company will develop technology and healthcare industry themed investment strategies with medium to long-term configuration, including information technology, healthcare and infrastructure. At the same time, the company is very optimistic about the prospects of US municipal bonds. The company will invest US$1 billion in US municipal debt. Due to the favorable interest rate environment and the ideal supply and demand situation, we believe that the return is close to the coupon rate. The amount of newly issued bonds is lower than the total amount of redemption, conversion or maturity. The United States implements a tax reform program that increases the attractiveness of tax-exempt municipal bonds in multiple states, stimulating capital flows into the asset class. In addition, the company is also very optimistic about the prospects of the Japanese market. The company will invest 1 billion Australian dollars in Japan's bond market, animation industry and ultra-fine technology nano industry. Japan's domestic economic environment is improving, the recent growth situation is stable, and corporate profits are stable. Economic reforms and stimulus policies have helped the market stocks. Japan’s implementation of stimulus measures to boost consumption and economic activity has helped offset the adverse effects of trade disputes. The animation industry has always been Japan's number one industry, Japan's animation sales are very popular. In addition to the anime bookstores and derivatives stores that can be seen everywhere, there are comic books, CD animation game discs, toys, and derivatives sold in shopping malls and supermarkets. TV stations almost have animation time slots or animation channels. In bookstores and TV previews, notices of reservations and reservations for anime books and TV dramas can be clearly seen.and most of the world-renowned anime sequels will come out in the coming months. Japan's nanotechnology is also in the forefront of the world, and the growth rate of the nano industry is very rapid.
Xe, 2019, https://www.xe.com/zh-CN/currencyconverter/convert/?Amount=11%2C010.9483&From=USD&To=GBP, viewed at 12/5/2019.This the second member did.
Our reference should be Harvard style if u need to refer.
i have to take it to next group member so she can do the conclusion in the end. thanks!References should be presented using the Harvard (author-date) referencing A copy of the referencing and presentation guidelines is available at http://mams.rmit.edu.au/s9sx559hurvc.rtf (Links to an external site.)
https://drive.google.com/open?id=1EnuvcrQGeRLWlF48EY0Vv-dqu08SZ58R
