FOREIGN EXCHANGE ASSIGNMENT
Go to http://fx.sauder.ubc.ca
Click Database Retrieval
Base Currency US $
Target Currency Your choice (any currency other than the Euro)
Set
Time Horizon Exact Time Period
Start Date: Jan 4, 2022
End Date: April XX, 2022 (you choose a date)
Data Frequency Daily
Notation Volume Notation
Table Style HTML+CSS
Table Transposition Default
Click Retrieve Data
Record the exchange rates for the following dates and state them and their currency symbols/or names as shown below (on two lines). Do not copy/paste them from the website.
(Don’t submit the daily exchange rates for every day since January 4)
Jan 4, 2022 U.S. $1 = € 0.xxxx
Apr XX, 2022 U.S. $1 = € 0.yyyy
Go back twice
Choose Plot Interface
Base Currency US $
Target Currency Your choice (same currency as above)
Set
Time Horizon Exact Time Period
Start Date: Jan 4, 2022
End Date: Apr XX, 2022 (same End Date as above)
Data Frequency Daily
Notation Volume Notation
Output Format JPEG
Axis Style Linear
Moving Ave. Curve Do not Show
Extra Feature None
Click Make Chart; (copy and paste the chart into your report)
State your Conclusion and Explanation: First, as the opening sentence, explicitly state whether the US $ has appreciated or depreciated versus the foreign currency of your choice since the beginning of 2022. Support/explain your conclusion by making use of the exchange rates and graph that you included in your report. When answering this question look at the big picture, meaning compare the two exchange rates (at the beginning of the year and on April XX) (do not dwell on daily/weekly/monthly/seasonal exchange rate fluctuations).
Your report should consist of, in the following order, statement of exchange rates, followed by a graph (copy/paste into your report), and followed by your conclusion and explanation.
