Final answer:
The exchange rate between two currencies can change over time, and it can be determined using a currency calculator. The change in exchange rate is influenced by various factors, and reading articles on the topic can provide more information. The impact of the change in exchange rate on the US economy is complex and can vary depending on the specific circumstances.
Step-by-step explanation:
The exchange rate between two currencies can change over time. To find the current exchange rate between the US dollar and a specific foreign currency, you can use a currency calculator. The exchange rate shows how much of the foreign currency you can get for one US dollar.
To determine whether the US dollar has appreciated, depreciated, or remained unchanged compared to a year ago, you can compare the current exchange rate with the exchange rate from a year ago. If the exchange rate has increased, the US dollar has appreciated, if it has decreased, the US dollar has depreciated, and if it is the same, the US dollar has remained unchanged.
The change in exchange rate can be influenced by various factors, such as interest rates, inflation rates, economic conditions, and government policies. For a more in-depth understanding of the change in exchange rate between the two currencies, reading articles on the topic can provide valuable insights.
Whether the change in exchange rate is good or bad for the US economy depends on several factors and perspectives. A stronger US dollar can make imports cheaper for US consumers, but it can also make US exports more expensive, potentially leading to a decrease in export demand. On the other hand, a weaker US dollar can make US exports more competitive, but it can also make imports more expensive, potentially leading to higher prices for consumers. Ultimately, the impact of the change in exchange rate on the US economy is complex and can vary depending on the specific circumstances and industries.