Write a short essay to describe and explain the behaviour of the exchange rate between the Australian dollar and the U.S. dollar over the period 2000-2015. Make use of the models and concepts presented in this course and combine them with the information contained in the following figures. FRED ~ - U.S. / Australia Foreign Exchange Rate 1.2 1.1 1.0 0.9 My (U.S. Dollars to One Australian Dollar) 0.8 0.7 0.6 0.5 0.4 2000 2002 2004 2006 2008 2010 2012 2014 2016 Source: Board of Governors of the Federal Reserve System (US) research.stlouisfed.org myf.red/g/4v9V Real GDP Growth: Australia versus U.S. FRED.~ - Real Gross Domestic Product - Constant Price Gross Domestic Product in Australia u a - NWA (Percent Change from Quarter One Year Ago), (Percent Change from Year Ago) 2000 2002 2004 2006 2008 2010 2012 2014 research.stlouisfed.org myf.red/g/4vaf Page 2 of 6 See next Page