Pick a pair of countries and download data on their exchange rate, from a site such as oecd org or econstat com Plot the exchange rate over time, and describe briefly the main features of the history Can you come up with a good economic explanation of the major movements (or lack of movement) in th...

The graph below shows the price of the Japanese Yen in terms of the US dollar over the course of the ...

Pick a pair of countries and download data on their exchange rate, from a site such as

Question:

Pick a pair of countries and download data on their from a site such as oecd.org or econstat.com. Plot the over time, and describe briefly the main features of the history. Can you come up with a good economic explanation of the major movements (or lack of movement) in this consistent with the sort of logic we have seen in the model of Sections 17 .3 and 17.4 and what you know about those two countries?
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...