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Consider the United States and its four main trading partners (European Union, Mexico, China and Japan). Use the following table of exchange rates and trade
Consider the United States and its four main trading partners (European Union, Mexico, China and Japan). Use the following table of exchange rates and trade shares to compute the percentage change in the US. multilateral exchange rate (foreign currency per US. dollar) against these four currencies, between 2010 and 2020. Table 2: Exchange Rates and Trade Shares Currency Share of Trade in 2010 Currency per $ in 2010 Currency per 3 in 2020 Euro 24% 0.80 0.98 Japan (yen) 17% 102 127 China (yuan) 24% 8.2 6.7 Mexico (peso) 35% 24 21
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