Starting with the exchange rate of R = $2/1, draw a figure showing the exchange rate under

Question:

Starting with the of R = $2/€1, draw a figure showing the under a crawling peg system with the nation appreciating its currency by 1 percent at the end of each month for three months, with an allowed band of fluctuation of 1 percent above and below the par value. 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...