Question
3C (Page 40, Asia Pacific & Latin America [APLA]). Notice the Total Revenues for APLA. There are two columns for revenue changes from FY2020 to
3C (Page 40, Asia Pacific & Latin America [APLA]). Notice the Total Revenues for APLA. There are two columns for revenue changes from FY2020 to FY2021. One column is "% Change" and the other column is "% Change Excluding Currency Change."
Here are two facts given:
- "Excluding currency changes," Total Revenues from APLA increased 8% year over year.
- But, including currency changes (the other column), Total Revenues increased 6% year over year.
Based on those two facts given, what happened to the USD versus currencies in the APLA region, year over year? Did the USD appreciate or depreciate versus currencies in the APLA region?
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