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EXCHANGE AND CONVERSION OF CURRENCIES AMONG  BRICS NATIONS

Sub activities:

a) PowerPoint presentations on currencies of BRICS nation:

    The PowerPoint presentation on the currencies of BRICS nations included the images the symbols abbreviation and values of the different currencies. The power point presentation also aimed at teaching the students inter conversion of currencies Students enjoyed observing the presentation and acquired knowledge about the different currencies and learned the inter conversions.

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b) Developing a currency trees for BRICS nation:

    Currencies of all the BRICS nations was collected and a tree was made out of it where in all the currencies were displayed . By observing this currency tree the student got familiar with the currencies used in the respective BRICS nation.

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c) Skit showing exchange and conversion of currencies among BRICS nations:

     Students performed a skit based on trade and exchange of currencies between the BRICS nations. It covered topics depicting the BRICS Summit held at Fortaleza , foreign exchange , role of Reserve Bank of India in financial transactions , SEBI . Students did a ramp walk holding the currencies of BRICS nations.

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d) Visit to Reserve Bank of India

     The students of class 8th and 9th along with teachers went to visit Reserve Bank of India, Mumbai. The students learnt about the currency exchange between BRICS nation. The role of RBI in operating the currency and credit system of country was emphasized in the talk given by Mr. Somnath Sharma at RBI. The exhibits had the brief information about complete history of Indian currency from period of Barter system to modern bank credit cards. The students thus learned the currency conversion between different nations of the world.

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E) Interview of Business Head:

     On 12th Jan 2014 ten students of standard eight interviewed Mr. S. M. Vaidya , Business Head of aerospace department , Plant 8 ,Godrej & Boyce Mfg.Co.The students briefed Mr S. M .Vaidya about the ISA project and the topic of BRICS the building blocks.The students asked questions to Mr.S.M.Vaidya about the different things manufactured in the aerospace department, the different materials that are imported and exported between India and other countries in their department to which Mr.S.M.Vaidya informed the students about the 3 verticals in which they manufacture different components for spacecraft , missiles ,aircraft engines etc for which they use materials like aluminium ,steel nickel alloys etc for which trade takes place between Israel, France ,Russia USA .Students also had a query relating to currency transaction among these nations and how the rate of dollar affect their trade practices.Mr S.M Vaidya shared with the students that back in 1993,one Russian rubel was equal to 3 dollar but after that Russias economy decreased so alarmingly that one dollar was equal to 20000 rubel.

MrVaidya shared his personal experiences also and motivated students to learn and develop their skills and to have an expertise in atleast in one subject.

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F) Conducting quiz and currency conversion test:

   The teacher conducted a quiz based on the currencies of the BRICS countries With this activity the students learned the value of the BRICS currencies when compared with each other They also learned how to convert the currencies of Brazil , Russia , India China and South Africa. Due to this activity students were thorough with the names of the currencies of BRICS nations. They also studied the conversion chart.:

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