The CIA World Factbook (http://www.cia.gov/library/publications/the-worldfactbook/

index.html) includes current account balances for countries. It also lists top exporting and importing trading partners. Look up a country of your choosing. Find out whether it has a trade deficit or trade surplus and then find the country’s top trading partners. Finally, look up exchange rates for the country of interest, and its trading partners. How well does the exchange rate reflect the trading relationships between the countries?