Assume that two months ago exchange rate between USD and Mexican pesos was USD/MXP15.95 (or 15.95 pesos per USD). Current exchange rate is USD/MXP 14.50.
Assume that two months ago exchange rate between USD and Mexican pesos was USD/MXP15.95 (or 15.95 pesos per USD). Current exchange rate is USD/MXP 14.50. Calculate the appreciation or depreciation of Mexican pesos against USD over the two months period.
A. 10% appreciation
B. 10% depreciation
C. -9.09% depreciation
D. 9.09% appreciation
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Authors: Stephen L. Nesbitt
2nd Edition
1119944392, 978-1119944393
