Changing Exchange Rates
Search online to obtain and or prepare charts of the monthly average direct exchange rates for the past two years for the U.S. dollar versus (1) the Japanese yen, (2) the European euro, (3) the British pound, and (4) the Mexican peso. Your four charts should each have time on the horizontal axis and the direct exchange rate on the horizontal axis.
Questions for Discussion
a. Has the dollar strengthened or weakened during this time against each of the currencies?
b. What major economic or political factors could have caused the changes in the four foreign currencies’ exchange rates versus the U.S. dollar?
c. Select one major factor from part ( b ) for each currency and present an argument showing how a change in that factor could cause the change in the exchange rate.
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