Emalee Dunbar

Document Type


First Faculty Advisor

Ramirez, Andres

Second Faculty Advisor

Saraoglu, Hakan


International Finance; Currency; Foreign Exchange Market; Forward Rates; Parity Conditions


Bryant University

Rights Management

All rights retained by Bryant University and Emalee Dunbar


Traveling abroad requires an immense amount of planning and attention to detail. Budgeting is a difficult task in one’s own country, but when planning across borders, that task becomes even greater. Differences in exchange rates and buying power have the potential to adversely affect the budget set ahead of time, placing more stress on the traveler. Financial tools available in the foreign exchange market, if used strategically, may provide a reliable method to budgeting travel abroad as accurately as possible. There are many individuals, students especially, that plan on traveling or studying abroad yet are on tight budgets. Having a reliable budgeting tool that works to hedge against risk can make a difference in their ability to travel abroad.