Review the annual percentage changes in the four exchange rates. Do they appear to be positively correlated? Estimate the correlation coefficient between exchange rate movements with either a calculator or a spreadsheet package. Based on this analysis, you can fill out the following correlation coefficient matrix.

A$ C$ NZ$ $$

A$ $1\mathrm{.}00$

C$ $1\mathrm{.}00$

NZ$ $1\mathrm{.}00$

$1\mathrm{.}00$