The US dollar exchange rate decreased from 83.8 euro cents in January 2009 to 76.9 euro cents in January 2010, and it increased from 0 89 Canadian dollars in June 2009 to 0.96 Canadian dollars in June...




The US dollar exchange rate decreased from 83.8 euro cents in January 2009 to 76.9 euro cents in January 2010, and it increased from 0 89 Canadian dollars in June 2009 to 0.96 Canadian dollars in June 2010.


1 Did the US dollar appreciate or depreciate against the euro? Did the US dollar appreciate or depreciate against the Canadian dollar?


2 What was the value of the Canadian dollar in terms of US dollars in June 2009 and June 2010? Did the Canadian dollar appreciate or depreciate against the US dollar over the year June 2009 to June 2010?


3 What was the value of 1 euro (100 euro cents) in terms of US dollars in January 2009 and January 2010? Did the euro appreciate or depreciate against the US dollar in 2009?
























Sep 13, 2022
SOLUTION.PDF

Get Answer To This Question

Related Questions & Answers

More Questions »

Submit New Assignment

Copy and Paste Your Assignment Here