Argentine Anguish. As illustrated in the graph, the Argentine peso moved from its fixed exchange rate of Ps1.00/$ to over Ps2.00/$ in a matter of days in early January 2002. After a brief period of high volatility, the peso's value appeared to settle down into a range varying between 2.00 and 2.50 pesos per dollar. If you were forecasting the Argentine peso further into the future, to March 30, 2002, how would you use the information in the graphic-the value of the peso freely-floating in the weeks following devaluation-to forecast its future value? Based on the graph: Date February 1st (Ps/$) February 28th (Ps/$) "Eye-balled" Values 2.00 2.20 ample Februa Figure Argentine pesos (ARG)=1.00 U.S. dollar (USD) 24 22 20 1.8 1.6 1.4 1.2 1.0 OB 12/2001 12132001 12/8/2001 1223/2001 1225/2001 12/27/201 1229/2001 1/4/2002 162002 18/2002 1/10/2002 V122002 104/200 1/16/2002 Daily: Dec 17, 2001-Feb 28, 2002 V18/2002 1/20/2002 1/22/2002 1/24/2002 126/2002 Print Done 1/28/2002 1302002 2/26 2/2002 2/5/2002 2/7/2002 29/2002 2/11/2002 213/2002 2/15/2002 2/17/2002 2/19/2002 2/21/2002 2/23/2002 2/25/2002 271 - X