Exchange Rate between American Dollar and Euro

Exchange Rate between American Dollar and Euro - ECO 201...

Info iconThis preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
ECO – 201 Exchange Rate between the American Dollar and the Euro The last time that I had an opportunity to use a Euro was the summer of 2005 when I was in Greece for vacation. Like the American, Dollar there are many similarities between the two but when I was using the Euro was not valued at $1.43 American. It is very shocking the Euro has such a high exchange rate in just a few short years. I usually like to keep up with the exchange rate between the Euro and the American Dollar because I am an American citizen also; I like to keep up to date with the Euro because I am 100% Greek. “The Exchange rate is a system agreement among countries on how exchange rates should be determined” (Hubbard, O’Brien, 2006) “A weaker dollar – the greenback has slumped by more than a fifth since 2002 against the currencies of its trading partner – is helping America sell its wares abroad and is curbing its spending on imports. The trade deficit narrowed for a fourth straight month in August. Exports rose in
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Image of page 2
This is the end of the preview. Sign up to access the rest of the document.

This note was uploaded on 05/06/2008 for the course ECON 201 taught by Professor Spessard during the Spring '07 term at Hagerstown CC.

Page1 / 2

Exchange Rate between American Dollar and Euro - ECO 201...

This preview shows document pages 1 - 2. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online