When doing business outside the U.S, a company will encounter different currencies. Some common currencies are the Canadian dollar, the Euro, and the Japanese Yen. A market has been developed to facilitate easy conversion from one currency to another.  It is important for MNCs to understand the operation of the Foreign Exchange Market. Read Chapter 10 of your Hill and Hult textbook. Prepare to discuss how the Foreign Exchange Market works. Provide examples of how businesses use the Foreign Exchange Market or share a story of a business experience with the Foreign Exchange Market.