MGMT-6075 Individual Project

MGMT-6075 Individual Project
• Access and download historical exchange rates for two non-overlapping time periods
• Convert downloaded exchange rates into returns
• Summarize in a tabular form the moments
• Analyze and interpret and submit your analysis
Bid-Ask Spreads in the Forex Market
• Bid price is what the dealer is willing to pay for a currency
o For you as a seller, this is your sale price in FX
• Ask price is the rate at which a dealer will sell the same currency
o For you as a buyer, this is your purchase price in FX
Please Note: The FX rates are quoted as X/Y where Y is the base rate currency and so
X/Y implies # units of currency X per 1 unit of base currency Y
For Example: 1.20 CDN/USD implies 1.20 CDN$ per 1US$
For instance, if yesterday you bought 1.20 CDN$/1US$ (Ask price) by selling your 1US$, and sold it today at 1.25
CDN$/1US$ (Bid price), this shows that the CDN dollar has depreciated and you would be selling 0.05 CDN$ more
to recover your 1US$ invested yesterday
Using the above argument, convert the downloaded data with bid and ask prices to returns.
Please Note: If you bought yesterday at the bid-price and sold today at the ask price, you will need to compute
returns w.r.t base currency say US$. Save your formula in a separate column against the bid and ask rates to
compute the returns.
Steps to follow:
Go to the following website for historical FX data on select currencies:
Select Download Free Forex Data from the Menu
Download Free Forex Data –
There are various format options to choose namely: Generic ASCII as well as Microsoft Excel
You are offered a range of FX options w.r.t base currency for instance EUR/USD will be #Euros/1 US$
Do remember: The Bid and Ask prices are only included in the Tick data of the Generic ASCII format.
Here are the fields order of the data:
For specific details:
Data Files: Detailed Specification –
For Generic ASCII in Ticks Format :
Data Row Fields are: DateTime Stamp,Bid Quote,Ask Quote,Volume
For Microsoft Excel in M1 Bars Format:
Data Row Fields are : DateTime Stamp;Bar OPEN Bid Quote;Bar HIGH Bid Quote;Bar LOW Bid Quote;Bar CLOSE
Bid Quote;Volume
After compiling the FX returns, summarize your findings in a tabular form for the following higher
1) First Moment: Average (Mean) value of the stock returns
2) Second Moment about the mean: Variance of the stock returns
3) Standard Deviation of the stock returns: Square root of variance
4) Third Moment about the mean: Skewness of stock returns
5) Fourth Moment about the mean: Kurtosis of stock returns
Compute the above using built-in formulae in Excel (use sample formulae not population).
You may recall from introductory statistics regarding skewness and kurtosis.
Skewness and Kurtosis
Normality Testing – Skewness and Kurtosis
Skewness (Use built in formula in Excel) “=SKEW(…..)”
Kurtosis (Use built in formula in Excel) “=KURT( …)”
Submit your tabular higher moments and analysis (please do not include raw FX data or returns in your submission)

Research Paper 101
Calculate your paper price
Pages (550 words)
Approximate price: -

Reasons to trust Research Paper 101

On Time Delivery

We pride ourselves in meeting the deadlines of our customers. We take your order, assign a writer but allow some more time for ourselves to edit the paper before delivering to you. You are guaranteed a flawless paper on a timely manner...

24x7 Customer Live Support

Our team at Research Paper 101 is committed to handling your paper according to the specfications and are available 24*7 for communication. Whenever you need a quick help, you can talk to our writers via the system messaging or contact support via live chat and we will deliver your message instantly.

Experienced Subject Experts

Online Experts from Research Paper 101 are qualified both academically and in their experiences. Many are Masters and Phd holders and therefore, are qualified to handle complex assignments that require critical thinking and analyses...

Customer Satisfaction

We offer dissertation papers as per students’ wishes. We also help craft out the best topics and design concept papers. By ordering with us, you are guaranteed of defending and making through those hard faced professors in the defense panel!

100% Plagiarism Free

We at Research Paper 101 take plagiarism as a serious offence. From the start, we train our writers to write all their papers from scratch. We also check if the papers have been cited appropriately. Our website also has a tool designed to check for plagiarism that has been made erroniusly. In essense, the paper you get will be 100% legit...

Affordable Prices

We understand that being a student is very challenging, some students balance between work and studies in order to survive. We therefore offer pocket friendly rates that are very competitive in the market.

Try it now!

Calculate the price of your order

Total price:

How it works?

Follow these simple steps to get your paper done

Place your order

Fill in the order form and provide all details of your assignment.

Proceed with the payment

Choose the payment system that suits you most.

Receive the final file

Once your paper is ready, we will email it to you.

Our Services

No need to work on your paper at night. Sleep tight, we will cover your back. We offer all kinds of writing services.


Essay Writing Service

No matter what kind of academic paper you need and how urgent you need it, you are welcome to choose your academic level and the type of your paper at an affordable price. We take care of all your paper needs and give a 24/7 customer care support system.


Admission Essays & Business Writing Help

An admission essay is an essay or other written statement by a candidate, often a potential student enrolling in a college, university, or graduate school. You can be rest assurred that through our service we will write the best admission essay for you.


Editing Support

Our academic writers and editors make the necessary changes to your paper so that it is polished. We also format your document by correctly quoting the sources and creating reference lists in the formats APA, Harvard, MLA, Chicago / Turabian.


Revision Support

If you think your paper could be improved, you can request a review. In this case, your paper will be checked by the writer or assigned to an editor. You can use this option as many times as you see fit. This is free because we want you to be completely satisfied with the service offered.