1. The Federal Reserve maintains a website that lists the exchange rates between the U.S. dollar and many other currencies. Go to www.newyorkfed.org/markets/ foreignex.html. Go to the historical data from 1999 and later and find the euro.

a. What has the percentage change in the euro-dollar exchange rate been between introduction and now?

b. What has been the annual percentage change in the euro-dollar exchange rate for each year since the euro's introduction?