Could you help me with the following information could you also include the reference from where you got the information thank you An exchange rate is simply the price of one currency in terms of another currency In other words, how many US Dollars does it take to buy one British Pound Remember that an exchange rate ALWAYS involves two currencies which means two countries Go to the X Rates Web site (http x rates com) and find the current exchange rate for the US Dollar (USD) and any other country's currency that you wish to study you can select the same country that you are using for your research project, (unless it is the Peoples' Republic of China) Do NOT select the Chinese Yuan as your other currency since it is not a freely floating currency then from the icons below the currency selection boxes, select Graphs and then select 1 year based on the 12 months of data, which currency is appreciating (gaining value) and which is depreciating (losing value) Remember it can do both in a year Now go to the CIA World Factbook and find out what goods and products the country you chose exports Since most all of the goods that you buy are either imported or contain inputs from other countries, what do the trends in the exchange rates you examined tell you about the prices you can expect to pay for goods imported from the country you choose or for products that use inputs from that country (i e , the exports of your country)

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Could you help me with the following information? could you also include the reference from where you got the information? thank you !!!! An exchange

Could you help me with the following information? could you also include the reference from where you got the information? thank you !!!!

An exchange rate is simply the price of one currency in terms of another currency. In other words, how many US Dollars does it take to buy one British Pound? Remember that an exchange rate ALWAYS involves two currencies which means two countries.

Go to the X-Rates Web site (http://x-rates.com) and find the current:
1. exchange rate for the US Dollar (USD) and any other country's currency that you wish to study - you can select the same country that you are using for your research project, (unless it is the Peoples' Republic of China). Do NOT select the Chinese Yuan as your other currency since it is not a freely floating currency;
2. then from the icons below the currency selection boxes, select Graphs and then select 1 year;
3. based on the 12 months of data, which currency is appreciating (gaining value) and which is depreciating (losing value)? Remember it can do both in a year.
4. Now go to the CIA World Factbook and find out what goods and products the country you chose exports.
Since most all of the goods that you buy are either imported or contain inputs from other countries, what do the trends in the exchange rates you examined tell you about the prices you can expect to pay for goods imported from the country you choose or for products that use inputs from that country (i.e., the exports of your country)?