The value of the Canadian dollar: The value C = C(d), in American dollars, of the Canadian dollar is given by the graph in Figure 1.36.
a. Describe how the value of the Canadian dollar fluctuated from 1990 to 2002. Give specific function values in your description where they are appropriate.
b. When was the Canadian dollar worth 80 American cents?
c. What was the average yearly decrease in the value of the Canadian dollar from 1992 to 1994?
d. For an American investor trading in Canadian dollars, what would have been ideal buy and sell dates? Explain your answer.
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