Assume that five years ago a euro was trading at a direct method quotation of $.8767. Also assume that this year the indirect method quotation was .8219 euros per U.S. dollar.

a. Calculate the euro currency per U.S. dollar five years ago!

b. Calculate the U.S. dollar equivalent of a euro this year!

c. Determine the percentage change (appreciation or depreciation) of the U.S. dollar value of one euro between fi ve years ago and this year!

d. Determine the percentage change (appreciation or depreciation) of the euro currency per U.S. dollar between fi ve years ago and this year!