Tuesday, November 3, 2009

Foreign Exchange

For each pair of graphs, the left graph depicts Wednesday’s currency forecast and actual currency data while the right graph depicts Thursday’s currency forecast. Green is Wednesday’s forecast; red is Wednesday’s actual trading data; and blue is Thursday’s forecast. The time is GMT +1, also known as the time in Western Europe or 6 hours ahead of Eastern Standard Time. In other words, the forecasts extend from 6:00 PM Wednesday to 5:59 PM Thursday Eastern Standard Time. We list the data based on military time. Thus, our graphs begin with 18:00 or 6:00 PM today and extend until 17:59 the next day.

What differences do you see between the predicted value of the dollar and the actual dollar value?

At the end of the day Wednesday, was the dollar worth more or less than at the beginning?

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