Homework Help: Economics

Posted by joe on Thursday, March 22, 2007 at 10:09pm.

How do you proceed in calculating exchange rates between countries and what data do you need?

Exchange rates are simply market prices of foreign currencies. The price can fluxuate on a daily basis. So, are you asking how you would build a model that predicts an exchange rate? whew lottsa luck on that one. Or are you asking where you can get exchange rates? Newpapers with a financial section carry such information. You could also look on the web site of a major bank. They will often provide foreign currencies for their customers.

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