The data in Figure 1-1(12-1) end in 2012. Visit oanda.com (or another site with daily exchange rate
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The data in Figure 1-1(12-1) end in 2012. Visit oanda.com (or another site with daily exchange rate data) and download data on the same exchange rates (yuan per dollar and dollar per euro) for the past 12 months. What are the rates today? What were they a year ago? By what percentage amount did the rates change? Do you think the rates are floating or fixed? Why?
Exchange Rate The value of one currency for the purpose of conversion to another. Exchange Rate means on any day, for purposes of determining the Dollar Equivalent of any currency other than Dollars, the rate at which such currency may be exchanged into Dollars...
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The yuan per dollar exchange rate is fixed with only occasional changes in its value and ...View the full answer
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