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How can I answer all parts to this question please? The following table shows four nominal exchange rates expressed in Canadian dollars per unit of
How can I answer all parts to this question please?
The following table shows four nominal exchange rates expressed in Canadian dollars per unit of the foreign currency for two different quarters (Bank of Canada (2020b,a)). The column names are the currency codes. Year Quarter EUR INR SGD ZAR 1999 1.6971 0.0356 0.8878 0.2476 2014 3 1.4422 0.0180 0.8702 0.1011 a. Indicate whether each of currencies have appreciated, depreciated, or neither, against the Canadian dollar between the two periods. i. EUR: Appreciated O Depreciated Remained unchanged ii. INR: O Appreciated O Depreciated Remained unchanged iii. SGD: O Appreciated O Depreciated Remained unchanged iv. ZAR: O Appreciated O Depreciated Remained unchanged b. What are the SGD/ZAR exchange rates for the two periods? Round your answer to the nearest fourth decimal. i. Year 1999, Quarter 1: Number ii. Year 2014, Quarter 3: Number c. Based on your previous answer, which currency (SGD or ZAR) has appreciated against the other (only use 4 decimals to compare them)? SGD ZAR O d. Suppose a Canadian wants to purchase a good in a country that uses the ZAR currency. If the price of the good in the country is 500 ZAR, how much the Canadian will pay in Canadian dollars? Use the most recent exchange rate in the table and round your answer to the nearest second decimal. Numbere. For a Canadian, the cost of goods has decreased the most in the country that uses which of the four currencies? O EUR O INR O SGD O ZAR We cannot answer that question using nominal exchange ratesStep by Step Solution
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