Question: Need help with below questions. I have attached the graph. Evaluate two exchange rates on Yahoo Finance; the CADCHF and the USDCHF. Your graph will
Need help with below questions. I have attached the graph.
Evaluate two exchange rates on Yahoo Finance; the CADCHF and the USDCHF.
Your graph will show you that between the time period of 2012 and 2013 both currency pairs were trading very close to parity (meaning 1-to-1).
One currency pair continued to trade at parity after 2013 while the other did not. Please explain what parity implies economically and why the CHF has been able to maintain this parity in relation to the USD but not against the CAD.

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