Question: The data in Figure 1-1(12-1) end in 2012. Visit oanda.com (or another site with daily exchange rate data) and download data on the same exchange
The data in Figure 1-1(12-1) end in 2012. Visit oanda.com (or another site with daily exchange rate data) and download data on the same exchange rates (yuan per dollar and dollar per euro) for the past 12 months. What are the rates today? What were they a year ago? By what percentage amount did the rates change? Do you think the rates are floating or fixed? Why?
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The yuan per dollar exchange rate is fixed with only occasional changes in its value and ... View full answer
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