Question
(a) The following quotations have been obtained: (i) Indicate whether the Euro and the Pound appreciated or depreciated relative to the Dollar. (ii) Compute the
(a) The following quotations have been obtained: (i) Indicate whether the Euro and the Pound appreciated or depreciated relative to the Dollar. (ii) Compute the percentage change in the Euro and Pound against the Dollar over the past year. 29 March 2020 29 March 2021 /$ 0.82/$1 0.94/$1 /$ 0.62/$1 0.56/$1 (b) Louis has C$1500 and wishes to deposit the money in a European bank. He has obtained the following bid-ask rates for the / C$ exchange rate: 1.2505 1.2750. How much will he have in his bank account after converting? (c) Javier borrowed has borrowed Pesos1 000 000 in Chile and wants to deposit them in a US bank to fund his new business ventures in the US. He has obtained the following bid-ask rates: CP486.85/$ CP495.50/$. How much will be reflected in his bank account in Canada?
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