Go to the Web site of the Federal Reserve Bank of St. Louis (FRED) (research.stlouisfed.org/fred2/) and download

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Go to the Web site of the Federal Reserve Bank of St. Louis (FRED) (research.stlouisfed.org/fred2/) and download the most recent value and the value from the same month one year earlier from FRED for the U.S./Euro Foreign Exchange Rate (EXUSEU).
a. Using these values, compute the percentage change in the euro's value.
b. Explain whether the dollar appreciated or depreciated against the euro.
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...
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Economics

ISBN: 978-0134106243

6th edition

Authors: R. Glenn Hubbard

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