Describe the impact of changes in exchange rates on a companys profitability. Include a numerical example to demonstrate your point.

In lay terminology, and using no quotes, describe what exchange rates are.
Why are exchange rates important to a firms CFO, investors, and customers?
Describe and explain at least 3 causes of changing exchange rates.
Describe the impact of changes in exchange rates on a companys profitability. Include a numerical example to demonstrate your point.