NETWORK

Visit the ft.com website (or another financial website such as oanda.com or xe.com), and download the same exchange rates shown in Table 2-1 for today’s date. For all currencies (other than the dollar), compute the one-year percentage appreciation or depreciation against the dollar. For the dollar, compute the one-year percentage appreciation or depreciation against each currency. (Hint: Search for “cross rates” on ft.com.)