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Exchange Rate between American Dollar and Euro

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

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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 cash terms by 12.8% from a year earlier and imports by just 3.0%. A welcome rebalancing
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