Given the following information

Days Exchange Rate % change

1 1$ - 1

2 0.94$ - 1

3 0.89$ - 1

4 1.05$ - 1

5 1.26$ - 1

1. Determine the daily percentage change
2. If you visited Europe and stayed in a hotel that charged 100 per room for 2days, at the beginning of Day 5, how much will it cost you to pay your bills in day 5? How will it cost If you visited in Day 4
3. How will it affect an European who visited the US and stayed in a hotel that charges same amount
4. Comparing the rate in Day 4 and Day 5 what will be the effects of the changes in the value of the firm on a multinational firm based in USA that purchases products at 1m Euros at the beginning of Day 4 and Day 5. Assuming that there is no change in the price of the item