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Data: 8/1/2018: UAE Dirham (AED)=0.194066, US Dollar (USD)=0.712706 8/1/2019: UAE Dirham (AED)=0.198809, US Dollar (USD)=0.730125 Between these two dates, did this currency appreciate or depreciate
Data:
8/1/2018: UAE Dirham (AED)=0.194066, US Dollar (USD)=0.712706
8/1/2019: UAE Dirham (AED)=0.198809, US Dollar (USD)=0.730125
- Between these two dates, did this currency appreciate or depreciate relative to the U.S. dollar? Please write down the relevant exchange rates on both days, to support your answer.
- How did the multilateral effective USD exchange rate change between these dates? Use the trade weighted U.S. dollar index against major currencies. (Try searching Fed Table H.10 or within Fred).
The two currencies are the United Arab Emirates Dirham (AED) and the United States Dollar (USD), basically its comparing the two from the above data in bold.
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