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Classify the following exchange rate regimes as fixed, intermediate, or flexible. Please assume that if the exchange rate regime is fixed, I am giving you

Classify the following exchange rate regimes as fixed, intermediate, or flexible. Please assume that if the exchange rate regime is fixed, I am giving you the exchange rate to which it is fixed:


a. The Korean won-US dollar exchange rate:

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FRED South Korean Won to One U.S. Dollar 1,240 1,200 1,160 1,120 1,080 1,040 1,000 2012 South Korean Won to U.S. Dollar Spot Exchange Rate 2014 2016 2018 Source: Board of Governors of the Federal Reserve System (US) 2020 2022

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