11.1 Exchange-rate essentials

Use the hypothetical information in the following table to answer the questions that follow. Country Exchange Rates (Currency) On May 1, 2016 On May 1, 2017 Currency Symbol Per $ Per C Per $ Per C Canada (dollar) C$ 1.26 1.622 1.118 1.412 Eurozone (euro) E or EUR 0.777 0.792 Japan (yen) Y 104.8 134.9 113.9 143.8 United Kingdom (pound) 0.524 0.675 0.548 0.693 United States (dollar) $ 1.287 1.263 The U.S. exchange rate against the British pound on May 1, 2017, was per pound (E).Using information from the previous table, indicate whether each currency iisted in the following table appreciated or depreciated against another currency between May 1, 2016, and May 1, 2017. Currency Appreciated Depreciated The Canadian dollar against the U.S. dollar 0 C) The U.S. dollar against the Japanese yen O O The British pound against the euro 0 O Over the period of May 1, 2016, to May 1, 201?, the U.S. dollar V against the euro by V . The euro V against the Canadian dollar by V