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Select two different countries and research the exchange rate of their currency against the U.S. Dollar both at today's rate and at the rate that
Select two different countries and research the exchange rate of their currency against the U.S. Dollar both at today's rate and at the rate that existed 3 years ago.
.Quote the foreign currency against $ 1.00 USD. In other words, how much foreign currency will $1.00 USD purchase?
.What conclusions could we infer about the value of the respective currencies' impact on balance of trade between the two countries today as opposed to 3 years ago?
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