Assume that on Friday, one South African rand was worth $.0618 and on the following Monday the value was $.0602. Also assume one Kuwaiti dinar was worth $3.27 on Friday and $3.25 on the following Monday. Given these rates, which one of the following statements must be correct?

Multiple Choice

• The U.S. dollar depreciated from Friday to Monday against the Kuwaiti dinar.

• On Thursday, one U.S. dollar was equal to .0634 South African rand.

• Both the South African rand and the Kuwaiti dinar appreciated against the U.S. dollar from Friday to Monday.

• On Friday, one U.S. dollar was worth 16.61 rands.

• The South African rand appreciated from Friday to Monday against the U.S. dollar.