Analyze the exchange rate between the U.S. dollar and the Chilean peso. Record the monthly average for the indirect exchange rate over the last 18 months.
a. What has the general trend been for the exchange rate between these two currencies?
b. If you had invested $1,000 in Chilean pesos at the average rate at the begin- ning of the period and held that currency until now (your most recent rate), how much would your investment be worth in U.S. dollars?