Hi guys, welcome back to Global Business Environment Course Two. We are in module six and this is part four, in which we continue to try to get a better understanding of today's global business environment, current issues, current trends. We had a entire module on the impact of currency and exchange rates in this course. And we have, we'll talk more about the impact of exchange rates in Global Business Environment, Part two. The impact on companies and how companies manage the, the risk involved in exchange rate conversion as they have operations and sales around the world. But we live in a, in a society today that's much different from the one we discussed in that previous module. We live in a world dominated by several very important currencies. But also influenced by currencies all around the world. We see massive amounts, trillions of dollars of trade in currency occurring weekly, monthly, yearly. We live in a world where investors can influence the well being of individuals in countries. We've seen global financial crises. For example, there was an Asian global financial crisis in the late 1990s. That was definitely influenced by investor speculation. The value of currencies which had a real impact on, on the real economy. We've seen currency devaluations in Latin America have major impacts on the economy. For example, the Peso devaluation in Mexico in 1994 led to assistance from global partners. And there were great risks at, at, that the world faced if the Mexican economy and it's currency would have suffered more than it did. And so we live in an interconnected world where even it's not just the few major currencies that dominate our society and our economies and our, our global prosperity. We've seen a global financial crisis occur in the late 2000s. Banks played an important role in that. And we're still not we're still feeling the effects of that global financial crisis. It's changed the way many people around the globe view money, currency and it's led to more mistrust of that that aspect of our global world. Some people argue that we should have a global currency, that we should move away from this, market influenced, where there's great, fluctuation and opportunity for speculation, for example, which can lead to crashes in economies and real devastation in the part of individuals, and so there is sometimes that movement. There's, there are others who argue that we should move back to a gold standard. There are new forms of currency that are emerging for example, in today's society there's there are alternative currencies such as bit coin which allow for, more open transactions. And in today's, technologically influenced world, where much of commerce occurs, electronically, this currency could take on a new role. it, it's a global currency. It has, a different impact than and, and is, is impacted differently by some of the factors which traditionally have affected currencies. And so we're moving into a new frontier unexplored territory. We don't know what the role of currencies will be as we move into the future. And so we'll have to continue to keep an eye on that trend or issue as well as we move forward into the future. So that will end part four. In part five, we'll explore an even other aspect of today's changing global business environment. Thank you very much.