Dorchester Company and Foreign Markets

Introduction Dorchester’s entry into the foreign markets subjects the company to the volatility that is associated with exchange rates. Exchange rates are subject to various factors including non-economic ones. Consequently, after venturing into foreign markets Dorchester will require to be conversant with exchange rate patterns.Advertising We will write a custom coursework sample on Dorchester Company and Foreign Markets specifically for you for only $16.05 $11/page Learn More The ability to predict exchange rates will be instrumental in maintaining Dorchester’s profitability and shaping the firm’s investment agendas (Eun Resnick, 2015). Furthermore, successful entry into new markets requires any entity to be able to minimize risks and maximize profits at all times. Dorchester is venturing into markets that are spread over three continents. Therefore, the company will have to confront a diverse range of exchange rate volatility. Th is paper offers the most accurate exchange rate predictions pertaining to the overall environments in Nigeria, Germany, and China. The predictions are based on past trends, recognizable patterns, and future outlooks. Exchange Rate Trends The first market where Dorchester aims to venture is in Nigeria where the national currency is the Nigerian Naira (NGN). In the recent past, the NGN has maintained a relatively stable position against the United States Dollar (USD). In the course of the last twelve months, the naira lost 0.51 percent after exchanging at 200NGN in February 2015 and closing at 201.01 in February 2016. Nevertheless, there has been a high rate of volatility in the short term with the NGN continuously losing ground against the USD on several occasions. For example, in just a matter of a few weeks, the value of the NGN against the USD has shifted between 197 and 204. The issue of counterfeit currency has also had a big impact on the Nigerian exchange rates. On some occasi ons, the NGN has lost over 100 percent of its value against the USD mostly in informal markets. Furthermore, over the last year the Nigerian government has continuously intervened to stabilize the demand and supply of the USD in the country. The short-term volatility in the Nigerian exchange market is set to persist as the government struggles to align its monetary policies. However, the relative economic and political stability in Nigeria means that there will not be any significant changes to the current exchange rates. The other market where Dorchester is planning to ply its trade is in China where the Chinese Yuan (CNY) is the official currency. The CNY has been in the receiving end of the exchange market because over the short term the USD has gained 0.2 percent over the Chinese currency. In addition, â€Å"the USD gained 4.59 percentage points over the CNY in the course of twelve months after the later having exchanged at 6.26 in February of the previous year† (Kilian Taylor, 2013).Advertising Looking for coursework on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More Current trends indicate that there have not been any significant jolts in the USD/CNY exchange rate market over the short-term. This trend is also set to continue in the foreseeable short-term duration. Although there have been considerable rates of economic turmoil in china, this development has not had any significant effects on the exchange rates. Nevertheless, the long-term trends indicate that the USD will continue to lose ground on the CNY. These trends are adequately reflected in the past 10 years of trading. Dorchester has an upper hand when it comes to forecasting the exchange rates in China because they indicate solid patterns over the past. This trend can be possibly traced to the Chinese Government’s grip on economical and political factors. In Germany, the Euro (EUR) is the official currency and Dorchest er needs to look into the associated past exchange rates. The USD/EUR exchange rates indicate good levels of stability. Past statistics indicate that the EUR to USD trade decreased by a margin of 0.79 percent in 26th of February. The EUR was going for 1.10 against the dollar by close of February 2016 from 1.12 on February of 2015. This trend indicates that the USD has gained a value of 2.47 against the EUR. These trends indicate a relatively high level of stability in the EUR/USD exchange markets. The German market is however set to be affected by various political and economic factors in the near future. For instance, shocks in the political composition of the European Union and the refugee crisis in the region might affect the exchange rates in the region. Conclusion/Recommendations All the countries where Dorchester is planning to trade have well defined exchange markets. However, Nigeria offers a market that is volatile in the short term but more stable in the long run. Dorchest er should align most of its monetary policies in Nigeria with long-term goals. Nevertheless, a mastery of the Nigerian currency market where USD shortages are common can increase Dorchester’s profit margins. Germany offers the least exchange rate difficulty for the company. The market is able to remain stable over both the short term and the long term. Dorchester should prioritize on this market because it comes with minimum risk. Finally, the Chinese exchange market is the hardest to master although it offers Dorchester a level of security from political and economical uncertainties. References Eun, C. S., Resnick, B. G. (2015). International financial management. Boston: McGraw-Hill Irwin.Advertising We will write a custom coursework sample on Dorchester Company and Foreign Markets specifically for you for only $16.05 $11/page Learn More Kilian, L., Taylor, M. P. (2013). Why is it so difficult to beat the random walk forecast of exchange rate s?. Journal of International Economics, 60(1), 85-107. This coursework on Dorchester Company and Foreign Markets was written and submitted by user GorillaMan to help you with your own studies. You are free to use it for research and reference purposes in order to write your own paper; however, you must cite it accordingly. You can donate your paper here.

Team Work Part 1 & 2 Essays - Criminology, Social Psychology

Team Work Part 1 & 2 Essays - Criminology, Social Psychology Team Work Part 1  CCJ1020-12_Week 4  05/19/2015 Prof. Scott Addlesberger Part I: The Offender There are many differences between a chronic violent offender and a nonviolent offender. A chronic violent offender is an individual who frequently or persistently violates the law. As defined by Marvin Wolfgang, Robert Figlio, and Thorsten Sellin, their definition of a chronic violent offender is delinquents arrested five or more times before the age of eighteen who commit a disproportionate amount of criminal offenses (Siegel & Worrall, 2013). A nonviolent offender is a person causing a crime that does not cause damage, or hurts people. For example crimes like low level drug users, prostitution, shoplifters, burglary, and drug trafficking. Also there are many differences between types of crime committed and the type of offense they commit. These differences include age, race, gender, geographical, and socioeconomic status. There are many differences, but others believe that some nonviolent offenders pleaded out on nonviolent charges but previously did a violent crime at the time wh en they were arrested or in previous arrests. Nonviolent offenders today are taking up most populations in the U.S prisons. Violent offenders are more likely to experience mental health issues, been exposed to violence or been victimized in the community and more likely to exhibit violence when incarcerated. It is important to remember that an individual in the community with mental health issues is not necessarily a violent individual. Violence may be a result of victimization and social exclusion. In the chronic violent crimes, offenders have a pathological tendency to commit and to repeat violent crimes, while in non-violent crimes, offenders don't use physical or emotional violence against victims. Nonviolent offenders are typically those convicted of property crimes. In the U.S. property crimes are often considered more serious than people. Some people do think that just because they are called nonviolent offenders doesnt mean that they should be. For example, It is not hard to imagine that the guy busted for drug trafficking was maybe carrying an illegal concealed weapon at the same time he was collared for slinging rock cocaine and maybe there is strong evidence that he used that gun to throw a few rounds at a rival. Facing an assault with a deadly weapon charge, our drug trafficker is advised by his public defender to cop a plea to selling rock cocaine. And there you have it, he is now a nonviolent offender. In 2004, the Bureau of Justice Statistics studied that 95% of inmates arrested were arrested prior. 33% of nonviolent offenders had history of violent crimes. 8% used a weapon during a nonviolent crime, and 70% of all nonviolent offenders are arrested within three years (Durose, M., & Mumola, C. (2004, October 1). As I said earlier, there are many different variables of each type of offender such as race, age, gender, geographical differences, and gender. But is this really a justifiable way to predict who would become an offender by these variables alone? This is what I would consider a 50/50 percent answer because although it is not morally right to look at a person and say that they will become a criminal but at the same time the way a person carries their self or dress can be a dead giveaway to law enforcement that they are engaged in some kind of criminal activity or at the least will do so. Growing up as a child most of us were told never to judge a book by its cover, but how many times can you honestly say that you never did? If you were like me your answer would be more than usual. Because of the media and what it portrays it seems as though there are more African Americans that are committing crimes and being incarcerated than any other race. Minority group members are involved in a d isproportionate share of criminal activity. According to Siegal and Worrall, African Americans make up about 12 percent of the general population, yet they account for about 38 percent of arrests for Part I violent crimes and for 29 percent of property crime arrests. Part II: The Victim: An individuals risk of criminal victimization depends on their exposure or proximity to offender populations, and exposure, in turn, depends on individuals

Mu2 Essay Example | Topics and Well Written Essays - 2250 words

Mu2 - Essay Example They should be taught how to deal with panicky situations, how to deal with emergency and to how to address their safety in such undesirable circumstances. Life safety is very important and given the context, it means trying to curb down un-necessary exposure to the harmful products due to combustion. There are three basic directions that need to be followed. The first one is to try stopping ignition, the second one is to control the outbreak of fire and the third one is to keep the humans safe from the byproducts of combustion. This can be done keeping in mind the concepts of either of the three of time, distance and shielding. The smoke and heat don’t develop instantaneously. They develop over time to create a harmful hazardous environment. There are a lot of variables involved and each of these variables varies in different circumstances so the rate at which this happens can’t be exactly predicted. The fire starts of as small and slowly gradually intensifies thus invoking a very hazardous environment in the process. The fire can be detected by either of the 2, through automatic means or by personnel detection. The real focus should be on what stage after ignition and heat buildup has the fire been discovered. It is that stage which will have a major impact on the life safety measures that would be taken up. It is not necessary that all the occupants at the site of the fire will react to it in the same way. The reaction of two different people will vary. The reaction of a single individual can also vary in different time frames, in different settings. It is not necessary that someone who reacts in a particular way at one point in time will react in exactly the same way three days from now. By reaction, it is meant, how humans react to smoke build up, to the flame, to the burns, to the hue and cry etc. There are some factors that help determine how humans react to fire situations typically. These factors are: Where age is concerned, the