HW4_162_Fall-2016

HW4_162_Fall-2016 - ECN 162 International Economic...

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ECN 162: International Economic Relations Homework 4: Thursday November 10 UC Davis, Professor Swenson 1. Refer to the exchange rates given in the following table: Based on the table provided, answer the following questions: a) Compute the U.S. dollar-yen exchange rate E \$|Y and the U.S. dollar-Canadian dollar exchange rate E \$|C\$ on June 25, 2010 and June 25, 2009. b) What happened to the value of the U.S. dollar relative to the Japanese yen and Canadian dollar between June 25, 2009, and June 25, 2010? Compute the percentage change in the value of the U.S. dollar relative to each currency using the U.S. dollar-foreign currency exchange rates you computed in (a). c) Using information in the table for June 25, 2010, compute the Danish krone-Canadian dollar exchange rate E krone|C\$ . d) Visit the website of the board of Governors of the Federal Reserve System at . Click on “Economic Research and Data” and then “Statistics: Releases and Historical Data.”
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