(2) Relationship between Currencies and Exchange Rates:

Exchange Rates	January 1, 2022	June 30, 2022	December 31, 2022
Direct Exchange Rate
Indirect Exchange Rate

Required:

a) Choose any two currencies of the two nations

b) Determine the Direct and Indirect Exchange Rates on the above given dates in table.

c) Explain clearly the Decrease or Increase in the DER and IER during the two period given in the table.

d) Explain Relative Strengths and Weaknesses of these currencies during these periods.

e) Discuss the impact of Changes in the Exchange Rates on the Import and Export of these nations.