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Exchange Rates and Their Affect on TradeThe general objectives of this study are to describe recent trade problems and examinewhy these problems are related to and affected by exchange rates The study firstexamines the exchange rate and how it is determined The study will explore in detailthe agencies that determine these rates This study will also present the pros and cons ofdifferent prices of goods and services in different countries Specifically this paper1 defines recent trade problems and how they are affected by the exchange rate2 describes the steps taken within the agencies that determine the exchange 3 examines the impact of these rates both good and bad4 analyzes the costs of similar goods in the US and in foreign markets5 discusses the pros and cons of the exchange rate and how it affects trade6 examines various exchange rate systems floating fixed and dirty floatingThe topics of exchange rate and trade both have a variety of factors that cause changes As with any study that attempts to explore current developments in the economy it ishard to keep information current It is also virtually impossible to report on the status ofevery single government that is involved in the exchange market One of the limitationsof this study is to report on up-to-date values of currency while choosing a sample ofgovernments that accurately represent the world economy Therefore the solution was touse stastical figures from magazine articles and books that were written within theprevious year Also the countries that were chosen to be studied are considered to playa significant role in the exchange rate marketThis study first examines the relationship between the exchange rate and trade Thisexamination includes a definition of the exchange rate an explanation of how the rate isdetermined and a detailed description of the agencies involved in determining theexchange rate including the United States Treasury and the Federal Reserve Bank theFed The next section defines and evaluates three different exchange rate systems - thefixed
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