Exchange rates can experience sudden changes as well as long run patterns a Plotthe U S dollar Australian dollar exchange rate (FRED code EXUSAL) without recession bars and identify long run swings and short term spikes Which currency is appreciating when the plotted exchange rate falls b Repeatthe...

a The plot for the US dollarAustralian dollar exchange rate is below Periods of sudden spikes includ ...

Exchange rates can experience sudden changes as well as long-run patterns. a. Plotthe U.S. dollar-Australian dollar exchange

Question:

Exchange rates can experience sudden changes as well as long-run patterns.
a. Plotthe U.S. dollar-Australian dollar (FRED code: EXUSAL) without recession bars and identify long-run swings and short-term spikes. Which currency is appreciating when the plotted falls?
b. Repeatthe exercise for the Japanese yen-U.S. dollar (FRED code: EXJPUS.

Exchange Rate
The value of one currency for the purpose of conversion to another. Exchange Rate means on any day, for purposes of determining the Dollar Equivalent of any currency other than Dollars, the rate at which such currency may be exchanged into Dollars...