TIPS FOR READING AN EXCHANGE RATE CHART: Read down the chart. For example, in column 1 it says the US Dollar is equal to each of the currencies below it. Therefore $1 = .76 £ or $1 = .89 €. Exchange Rate Table for Month 1 US Dollar $1 = British Pound 1 £ = Chinese Yuan 1 Y = Japanese Yen 1 ¥ = Euro 1€ US Dollar --- 1.32 .16 .0088 1.13 British Pound .76 --- .12 .0067 .85 Chinese Yuan 6.37 8.46 --- .056 7.21 Japanese Yen 113.04 149.55 17.75 --- 127.55 Euro .89 1.17 .14 .0078 --- Exchange Rate Table for Month 2 US Dollar $1 = British Pound 1 £ = Chinese Yuan 1 Y = Japanese Yen 1 ¥ = Euro 1€ US Dollar --- 1.40 .20 .0080 1.17 British Pound .70 --- .11 .0065 .89 Chinese Yuan 6.20 8.72 --- .062 7.59 Japanese Yen 116.24 146.89 16.32 --- 117.2 Euro .92 1.11 .15 .0078 --- A currency depreciates (or gets weaker) if it buys less of a foreign currency than it did before. The US dollar depreciated against what currency(s) from month 1 to month 2? Explain using numbers from the chart above.

TIPS FOR READING AN EXCHANGE RATE CHART: Read down the chart. For example, in column 1 it says the US Dollar is equal to each of the currencies below it. Therefore $1 = .76 £ or $1 = .89 €. Exchange...

TIPS FOR READING AN EXCHANGE RATE CHART:
Read down the chart. For example, in column 1 it says the US Dollar is equal to each of the currencies
below
it. Therefore $1 = .76 £ or $1 = .89 €.

Exchange Rate Table for Month 1
	US Dollar $1 =	British Pound 1 £ =	Chinese Yuan 1 Y =	Japanese Yen 1 ¥ =	Euro 1€
US Dollar	---	1.32	.16	.0088	1.13
British Pound	.76	---	.12	.0067	.85
Chinese Yuan	6.37	8.46	---	.056	7.21
Japanese Yen	113.04	149.55	17.75	---	127.55
Euro	.89	1.17	.14	.0078	---

Exchange Rate Table for Month 2
	US Dollar $1 =	British Pound 1 £ =	Chinese Yuan 1 Y =	Japanese Yen 1 ¥ =	Euro 1€
US Dollar	---	1.40	.20	.0080	1.17
British Pound	.70	---	.11	.0065	.89
Chinese Yuan	6.20	8.72	---	.062	7.59
Japanese Yen	116.24	146.89	16.32	---	117.2
Euro	.92	1.11	.15	.0078	---

A currency

depreciates

(or gets weaker) if it buys less of a foreign currency than it did before. The US dollar depreciated against what currency(s) from month 1 to month 2?
Explain using numbers from the chart above.

Jun 07, 2022

SOLUTION.PDF

TIPS FOR READING AN EXCHANGE RATE CHART: Read down the chart. For example, in column 1 it says the US Dollar is equal to each of the currencies below it. Therefore $1 = .76 £ or $1 = .89 €. Exchange...

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