Question: Based on the exchange rates for the first trading days of 2009 and 2010 shown in the accompanying table, did the U.S. dollar appreciate or
Based on the exchange rates for the first trading days of 2009 and 2010 shown in the accompanying table, did the U.S. dollar appreciate or depreciate during 2009? Did the movement in the value of the U.S. dollar make American goods and services more or less attractive to foreigners?
January 2, 2009 January 4, 2010 US$1.45 to buy 1 British US$1.61 to buy 1 British pound pound sterling sterling 32.82 Taiwan dollars to buy 31.74 Taiwan dollars to buy US$1 US$1 US$0.82 to buy 1 Canadian US$0.96 to buy 1 Canadian dollar dollar 90.98 Japanese yen to buy 92.35 Japanese yen to buy US$1 US$1 US$1.39 to buy 1 euro US$1.44 to buy 1 euro 1.07 Swiss francs to buy US$1 1.03 Swiss francs to buy US$1
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