This fun activity helped students to explore how exchange rates are determined in a floating system as well as the importance, for economies, of holding foreign currency. In the simulation, students represented various countries, and then took part in determining what will lead to a fluctuation in the exchange rate of a currency. They learn that to purchase an imported item or to travel to another country, they have to pay for the goods and services they buy in that country’s currency. Students learn to convert the foreign exchange rates to convert prices for goods in one country’s currency compared with another. Students researched the exchange rates of the currencies they brought for the activity. Currencies such as U. S dollar, Singapore dollar , Thailand Baht , Egyptian Pound , Euro, British Pound, U A E’s Dirham, Malaysian Ringgit, Russian Ruble , Chinese Yen, Azerbaijan Manat, Bahrain Dinar. This activity not only deepens students’ understanding of global markets but also equips them with practical skills relevant for enhancing their knowledge. It helps students apply macroeconomic and microeconomic theories in real-world scenarios.
