1. The US dollar/Canadian dollar exchange rate was $.85/C$ in 2015. In 2016, the exchange rate was C$1.2/$. Find the percentage appreciation/depreciation of the US dollar from the Canadian point of view.

.02

-.02

-.0588

.0588

-.0196

2. Suppose you observe the following quotes between the pound () and the euro ():

2018: 1.1/

2019: .95/

Find the percentage change in the value of the pound from the Eurozone point of view. Round intermediate steps and your final answer to four decimals.

3. You converted $10,000 into pounds on 6/1. On 6/2, you converted your pounds into yen. Finally, on 6/3, you converted your yen to euros. How many euro will you end up with on 6/3? Round intermediate steps to four decimals and your final answer to two decimals.

32,040

5,562.5

12,515.63

11,250