(2/1/18)

US Dollar	1.00 USD	inv. 1.00 USD
Euro	0.801229	1.248083
British Pound	0.701957	1.424588
Indian Rupee	63.970566	0.015632
Australian Dollar	1.245738	0.802737
Canadian Dollar	1.228224	0.814184
Singapore Dollar	1.309825	0.763461
Swiss Franc	0.928669	1.076810
Malaysian Ringgit	3.901006	0.256344
Japanese Yen	109.514745	0.009131
Chinese Yuan Renminbi	6.299486	0.158743

1. Derive the MYR/CAD cross exchange rate as of 2/1/2019. MYR = Malaysian Ringgit and CAD = Canadian Dollar

2. Calculate the appreciation or depreciation of the following currencies versus the U.S. dollar

A. Swiss Franc

B. Malaysian Ringgit

3. Calculate the appreciation/depreciation of the dollar versus the following currencies

1. Singapore Dollar
2. Euro

4. If you were a U.S. firm borrowing money in a foreign country, denominated in the foreign currency, use your answers to Q2 to answer the following: Where would it have been cheapest to borrow (assuming interest rates were the same)?

5. If you were a U.S. investor investing money in a foreign country, denominated in the foreign currency, use your answers to Q3 to answer the following: Where would it have been best to invest (assuming rates of return on the investment were the same)?

6. So, which is more valuable? (Hint: Just because both bills show the number 100 on them does not mean they are equally valuable) The Australian 100 bill of the USD $100