Financial Markets and Institutions (2-downloads)

www.newyorkfed.org/

markets/foreignex.html

. Go to the historical data

from 2000 and later and find the euro.

a. What has the percentage change in the euro–

dollar exchange rate been between the euro’s

introduction and now?

b. What has been the annual percentage change in

the euro–dollar exchange rate for each year since

the euro’s introduction?

2. International travelers and business people frequently

need to accurately convert from one currency to

another. It is often easy to find the rate needed to con-

vert the U.S. dollar into another currency. It can be

more difficult to find exchange rates between two

non-U.S. currencies. Go to