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French Franc To A Dollar

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1. Suppose the value of the French Franc in terms of the dollar is 50 on October 12, and 44 on October 17? By how much has the Franc appreciated or depreciated against the dollar?

2. Suppose the value of French Franc in terms of the dollar is 40 on October 12 and 45 on October 17. By how much has the Franc appreciated or depreciated against the dollar?

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Solution Summary

The solution is comprised of an assessment of the French Franc compared to the American dollar.

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1. On October 12,
Exchange Rate (Dollar/Franc) = 50
On October 17,
Exchange Rate (Dollar/Franc) = 44

Since we are getting less dollars per franc, Franc ...

Solution provided by:
Lokesh Jain, MSc
Education
  • BEng (Hons) , Birla Institute of Technology and Science, India
  • MSc (Hons) , Birla Institute of Technology and Science, India
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