Go to the Federal Reserve Bank of St. Louis Economics Database (FRED) and look up exchange rate
Question:
Go to the Federal Reserve Bank of St. Louis Economics Database (FRED) and look up exchange rate data for the following currencies (relative to the U.S. dollar) for the past four years: Chinese yuan, euro, Brazilian real, and Hong Kong dollar. Are these exchange rates fixed or floating relative to the U.S. dollar? If the currency is floating against the U.S. dollar, does the exchange rate change by more than 15% in a given year?
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The euro and the Brazilian real are floating against the US dollar T...View the full answer
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