ECON305-DB-8

3 Paragraphs; APA format; site all sources and data

Review the attached presentations on exchange rates.

Then go to the X-Rates Web site (http://x-rates.com) and find the current:

a) exchange rate for the US Dollar (USD) and any other country’s currency that you wish to study.  Do NOT select the Chinese Yuan as your other currency since it is not a freely floating currency;

b) then in the Monthly Average display, select the last 12 months from the drop down menus and click “Go”;

c) based on the 12 months of data, which currency is appreciating (gaining value) and which is depreciating (losing value)?  Remember it can do both in a year.

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