Question

How do you proceed in calculating exchange rates between countries and what data do you need?


Exchange rates are simply market prices of foreign currencies. The price can fluxuate on a daily basis. So, are you asking how you would build a model that predicts an exchange rate? whew lottsa luck on that one. Or are you asking where you can get exchange rates? Newpapers with a financial section carry such information. You could also look on the web site of a major bank. They will often provide foreign currencies for their customers.