Compute the percentage change in the euro value

Reference no: EM131022790

[Exchange rate movements] Go to the Web site of the Federal Reserve Bank of St. Louis (FRED) (research. stlouisfed.org/fred2/) and download the most recent value and the value from the same month one year earlier from FRED for the U.S./Euro Foreign Exchange Rate (EXUSEU).

a. Using these values, compute the percentage change in the euro's value.

b. Explain whether the dollar appreciated or depreciated against the euro.

Reference no: EM131022790

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