Question
Go to FRED Website and in the search dialog box on the top right corner page, enter, foreign exchange rate. Using the information that will
Go to FRED Website and in the search dialog box on the top right corner page, enter, foreign exchange rate. Using the information that will be supplied calculate the Japan/China exchange rate for the most recent day and also for a year ago that day. Plot the data on the exchange rate you calculated and determine if it has appreciated or depreciated in the past year. HINT: The exchange rate between the Japanese yen and the Chinese Yuan is not included on that website. You need to calculate it using available data on other exchange rates. Once you have calculated the differences post your findings here. Discuss why this is significant and what principles are shown through this finding.
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