The US and the EU both use floating exchange rate markets. The exchange rate varied sharply over the period shown. Table data: - 2000: 0.84 dollars per euro - 2008: 1.59 dollars per euro - 2022: 1.00 dollar per euro What could account for the changes in the US dollar-euro rate of exchange?
- Achanges in the supply and demand for dollars and euros in the foreign exchange market
- Bcontinuous appreciation of the US dollar throughout the period
- Ccontinuous depreciation of the US dollar throughout the period
- Drestraints placed by trade agreements on the rate of exchange