Think of one product that you would like to buy which is made in a foreign...

 

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Think of one product that you would like to buy which is made in a foreign country. You are thinking about starting an import business for this product. Find the dollar exchange rates for that nation's currency for the past 12 months (either the start or end of the month). You can use the following link to find this information or if you have another source that is fine. Federal Reserve After seeing the historic one-year trend in the exchange rate, what do you think might happen to the price of that product in the month ahead? What about 6 months or a year ahead? Why do you think this? Explain the macro economic factors that drive the currency fluctuations. Think of one product that you would like to buy which is made in a foreign country. You are thinking about starting an import business for this product. Find the dollar exchange rates for that nation's currency for the past 12 months (either the start or end of the month). You can use the following link to find this information or if you have another source that is fine. Federal Reserve After seeing the historic one-year trend in the exchange rate, what do you think might happen to the price of that product in the month ahead? What about 6 months or a year ahead? Why do you think this? Explain the macro economic factors that drive the currency fluctuations.