Currency Appreciations and Depreciations Exercise 5 You are given two different exchange rates per pair of currencies. Determine whether the currency in question appreciated or depreciated. Mark the correct column. NOTE: You are given a mixture of direct and indirect quotes Dates Exchange Rate Currency to Consider Appreciated Depreciated 4/24/2003 4/28/2003 0.91130 EUR/USD 0.90630 EUR/USD EUR 6/17/1997 1/13/1998 23.2 BHT/USD 55.8 BHT/USD BHT 4/25/2002 4/26/2002 1.6430 CHF/USD 0.6140 USD/CHF CHF 6/26/2002 0.0008324 USD/KRW 2/18/2003 0.0008286 USD/KRW KRW 1/30/1999 2/5/2001 1.0038 ARS /USD 1.00050 USD/ARS USD 1/30/2000 9/20/2000 2.3442 CAD/GBP 2.0927 CAD/GBP CAD 12/12/2002 2/2/2003 0.01629 INR /IQD 68.0289 IQD/INR INR 12/27/2002 12/28/2002 1.776 AUD/USD 1.7831 AUD/USD USD USD US Dollar The international currency codes used above are as follows: AUD Australian Dollar EUR Euro ARS Argentine Peso GBP British Pound BHT Thai Baht INR Indian Rupee CAD Canadian Dollar TOR Iraqi Dinar CHF Swiss Franc KRW Korean Won