The Spanish Peseta had some good times and some bad times compared to the US Dollar and the Japanese Yen during September 2000 until August 2002. Looking at this two year period as a whole, the Spanish Peseta appreciated in value against both the dollar and the yen. This is where the similarities stop though. First off, we'll examine how the peseta fared against the dollar. As I already mentioned, looking at the beginning and ending rates, you can see that the peseta strengthened against the dollar; however, it was hardly a continuous appreciation. From September 2000 until the end of the year the peseta strengthened against the dollar, but the beginning of 2001 marked the beginning of a period of depreciation for the peseta. This depreciation lasted for the first half of the year. Each month during this time, the currency was devalued at about 3.5 pesetas per dollar. The third quarter...