6.5

5.5 You are given the following exchange rates for two dates: August 19, 2005 and August 18 , 2006: a) Calculate the one year percent change in the value of the Canadian currency (appreciation or depreciation). b) Calculate the exchange value of each of the above currencies in terms of the Canadian dollar (how many Canadian dollars do each of these currencies buy?). c) Suppose the price of a Big Mac trio is $5.49 Canadian. Calculate the price in each of the above currencies. d) Now find the value of the U.S. dollar against all of these currencies and calculate the percent appreciation or depreciation in its value between 2005 and 2006