Go to the Web site of the Federal Reserve Bank of St Louis (FRED) (research stlouisfed org fred2 ) and find the values for the China U S Foreign Exchange Rate (DEXCHUS) from 1981 to the most recent date available a Compared with its value in 1981, has the yuan appreciated or depreciated against the...

a Since 1981 the Chinese yuan has depreciated against the dollar The exchange rate w ...

Go to the Web site of the Federal Reserve Bank of St. Louis (FRED) (research.stlouisfed.org/fred2/) and find

Question:

Go to the Web site of the Federal Reserve Bank of St. Louis (FRED) (research.stlouisfed.org/fred2/) and find the values for the China/U.S. Foreign (DEXCHUS) from 1981 to the most recent date available.
a. Compared with its value in 1981, has the yuan appreciated or depreciated against the U.S. dollar? Briefly explain.
b. Summarize the movements in the yuan-dollar during these years and explain why the pattern occurred.
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...