Consider figure 151 which shows the ukus us and uk

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9. Consider Figure 15.1, which shows the £UK/$US, $US/ , and £UK/ exchange rates. During the period 1999–2001, the U.S. dollar __________ relative to the euro and __________ relative to the U.K. pound. Figure 15.1: Exchange Rates 2.50 2.00 1.50 1.00 0.50 0.00 EXCHANGE RATE YEAR Pounds/euro $/euro $/pound 1999.01 1999.06 1999.11 2000.04 2000.09 2001.02 2001.07 2001.12 2002.05 2002.10 2003.03 2003.08 2004.01 2004.06 2004.11 2005.04 2005.09 2006.02 2006.07 2006.12 2007.05
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158 | Chapter 15
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