Part 1: 1) From Bloomberg, download the exchange rates of at least 6 foreign currencies (at least 2 of them have to be from emerging markets) including the US dollar. (The number of currencies depends on your choice, the more the better) 2) Compute the one-year appreciation or depreciation against the US dollar. (Hint: Remember, (S: US dollar, X: The foreign currency that you have chosen) S(XS) Beginning Rate Sti(X/S) -Ending Rate The % appreciation (or depreciation) in X can be calculated as, (Ending Rate - Beginning Rate) / Beginning Rate] x 100 3) Explore recent exchange rate trends for the pairs of countries that you have selected (the time window depends on your choice, the wider the better). To plot trends, download the series to a spreadsheet 4) Try to plot examples of some fixed and floating rates. Can you tell from the data, which countries are fixed and which are floating? 5) In the plots, can you locate data for an exchange rate crisis within your time-window