Visit the website of the Bank of Canada, www.bankofcanada.ca. Click Rates and Statistics and then Exchange Rates.

Question:

Visit the website of the Bank of Canada, www.bankofcanada.ca. Click “Rates and Statistics” and then “Exchange Rates.”
a. What are the fundamental determinants of exchange rates?
b. What are the different ways that a foreign exchange rate can be quoted?
c. What is the difference between spot and forward exchange rates?
d. Go to the CANSIM website at http://cansim2.statcan.ca/M and download series V37456 for 2008. Present a time series plot of the yen-per-Canadian-dollar exchange rate. Did the yen appreciate or depreciate in 2008? By how much?

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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