Question
2. (6 points total) Go to the St. Louis Fed Economic Data (FRED) website, at https://fred.stlouisfed.org/ (also in Blackboard under Wed Links). Select Categories, and
2. (6 points total) Go to the St. Louis Fed Economic Data (FRED) website, at https://fred.stlouisfed.org/ (also in Blackboard under Wed Links). Select Categories, and then Select Exchange Rates under Money, Banking and Finance, and then Monthly Rates. For the four following countries (in this exact order) and the Euro: Brazil, Japan, Mexico, the UK; and the Euro (used in 18 countries) find the ex-rates for those five currencies by scrolling down. When you click on the title of the ex-rate (e.g., Brazil / U.S. Foreign Exchange Rate), you see a graph of the ex-rate. In the upper-left hand corner of the screen youll see the most recent observation of the ex-rate and then next to the ex-rate youll see this: (+ more). Click on + more and then select the View All tab. Youll then see ex-rate data on the screen. Alternatively, you can click Download in the upper-right hand corner of the screen and download the data in an Excel file. Either way, retrieve and report the monthly ex-rates for the following dates (quote ex-rates as reported with both currencies, do not reverse the ex-rates, and quote to 4 decimal places): December 2009, December 2014, and December 2019. For the percent changes in this problem, please quote to two decimal places.
Next click on Trade Weighted US Dollar Index: Broad, and get the index values for the same dates as the individual currencies (December 2009, December 2014 and December 2019). Note: a) When the Dollar Index rises (falls) in value, the dollar is getting stronger (weaker), and b) the currency index has no specific units, it is based on an index value = 100 in Jan. 1997. Please dont combine the sections below, answer each part separately.
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