Currency Appreciation/Depreciation
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If we are comparing the U.S. dollar to the euro, and the euro increased in value from $1.35 to $1.45, what happened to the two currencies? Show the appreciation or depreciation rate for each currency. (Show all work/calculations/formulas.) If we are comparing the U.S. dollar to the yen, and the yen decreased in value from $.99 cents to $.90 cents, what happened to the two currencies? Show the appreciation or depreciation rate for each currency.
Please show all work/calculations/formulas (not on excel spreadsheet).
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Solution Summary
Calculates appreciation/depreciation of Euro and Yen vs. dollar.
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If we are comparing the U.S. dollar to the euro, and the euro increased in value from $1.35 to $1.45, what happened to the two currencies? Show the appreciation or depreciation rate for each currency. (Show all work/calculations/formulas.) If we are comparing the U.S. dollar to the yen, and the yen decreased in value from $.99 cents to $.90 cents, what happened to the two currencies? Show the appreciation or depreciation rate for each currency.
Please show all work/calculations/formulas
If we are comparing the U.S. dollar to the euro, and the euro increased in value from $1.35 to $1.45, what happened to the two currencies? Show the appreciation or depreciation rate for each currency. (Show all work/calculations/formulas.)
Euro- Dollar
Initial quote= $1.35 /Euro
Final quote= $1.45 /Euro
Euro
Initial value= 1 Euro= $1.35
Final value= 1 Euro= $1.45
Initially it costs $1.35 to buy ...
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