The US dollar is exchanged for a number of different currencies in the foreign exchange market. Go to the Currency Calculator. Select one foreign currency to respond to the following questions:
- What is the current exchange rate between the two currencies?
- How has the exchange rate changed compared to a year ago? Has the dollar appreciated, depreciated, or remained unchanged?
- What explains the change in the exchange rate?
- It would be a good idea to read articles on exchange rate between the two currencies to get more information.
- Is the change in exchange rate good or bad for the US economy?