Question
If $1 US dollar costs 6.75 Chinese yuan, how much does 1 yuan cost in dollars? If the current exchange rate is $1 US dollar
If $1 US dollar costs 6.75 Chinese yuan, how much does 1 yuan cost in dollars?
If the current exchange rate is $1 US dollar for 70 Indian rupees, what is the rupee price for a good that costs $10 US dollars?
Assume that $1 US dollar now costs 5.00 Chinese yuan. Did the dollar appreciate or depreciate? Explain your answer.
Assume that the $1 US dollar now costs 1 euro. Did the euro appreciate or depreciate? Explain your answer.
Assume that 1 yen now costs $.02 US dollars. Did the yen appreciate or depreciate? Explain your answer.*
Assume that 1 Bitcoin now costs $3000 US dollars. Did the dollar appreciate or depreciate? Explain your answer.*
In late April 2017, 1 USD was worth 103.2 KES. In July, 1 USD was worth 104 KES. Did the dollar appreciate or depreciate?
Did the shilling appreciate or depreciate? From early January 2018 to early February 2018, what happened to the value of the shilling?
Identify who benefits and who is harmed by the change in the exchange rate in the previous question.
Based only on the information provided, why is it extremely unlikely that for 1 CAD = 30 MXN?
Suppose 1 CAD = 30 MXN was the actual exchange rate. Predict how people would respond to this exchange rate given that the exchange rates between USD and CAD and MXN are as listed above.
Predict the actual exchange rate between Canada and Mexico. 1 CAD equals how many MXN? Explain how you got your answer.
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