Select two different countries and research the exchange rate of their currency against the U.S. Dollar both at today’s rate and at the rate that existed 3 years ago.

1. Quote the foreign currency against $ 1.00 USD. In other words, how much foreign currency will $1.00 USD purchase? (Both today and three years ago)
2. Is the U.S. dollar getting stronger (more valuable) or weaker (less valuable) against the foreign currency?
3. What conclusions could we infer about the change in value of the respective currencies and its impact on the balance of trade between the two countries today as opposed to three years ago? ie: Will we tend to import more from this country or export more to this country? (Do not research or provide trade data. I am looking for your intuition/understanding of what we might expect.)

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