Question 4 COVID-19 has undoubtedly been a defining time in our generation's history, with effects on global economies comparable in some instances to what was experienced during the Great Depression of the 1930s. The pandemic has also recalled the economic shockwaves of the Global Financial Crisis of 2008/09. One can argue that this episode is like none seen before because it hasn't emanated from economic factors. The pandemic is also having a broad spectrum of effects on economies and exchange rates globally. Illustrate with relevant diagrams the performance to the US dollar of Indian Rupee, Brazilian Real, Mexican Peso and South Africa Rand (as a proxy for emerging countries' currencies) since March 2020 4.1 (8 marks) 4.2 Discuss the main drivers of the performance of emerging market currencies since March 2020. (12 marks) Discuss the impact this currency performance has on the sustainability of the airline industry for emerging countries. 4.3 (10 marks)