1. Consider the returns of various countries stock markets presented in Slide 7 of the International Investments and Introduction to Foreign Exchange presentation.

a) The Hong Kong dollar was the only currency represented in this table that appreciated against the U.S. dollar in 2015. By how much did that currency appreciate relative to the dollar?

b) Which countrys currency had the greatest percentage depreciation relative to the U.S. dollar during 2015? By how much did that currency depreciate relative to the dollar?