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Exchange Rates
U.S. Oman Russia Vietnam
Year
Dollar Rial Ruble Dong
2009 1
0.38
25.81
15,991
2010 11
0.38
26.06 16,041
The table above shows exchange rates for selected currencies from 2009 through 2010.
a. Given the change in the value of the dollar between 2009 and 2010, as indicated in the
table above, describe the effects this will have on United States tourism in these
countries.
b. Explain what impact the change in the value of the dollar between 2009 and 2010 will
have on the United States current account.
c. Explain how the change in the international value of the dollar between 2009 and 2010
will affect price level and output in the United States.
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