Description
The website of the Federal Reserve Board of Governors
(www.federalreserve.gov) contains economic data,
including exchange rate trends of various currencies.
- Determine how exchange rates of various currencies
have changed in recent months. Note that most of these
currencies (except the British pound) may be quoted in
units per dollar. In general, have most currencies strengthened
or weakened against the dollar over the last three
months? Offer one or more reasons to explain the recent
general movements in currency values against the dollar. - Does it appear that the Asian currencies move in
the same direction relative to the dollar? Does it appear
that the Latin American currencies move in the same
direction against the dollar? Explain.