Question
Last week, the USD/ZAR exchange rate was 14.2125. This week, the exchange rate is 14.5447. How much has the South African rand depreciated/appreciated against the
Last week, the USD/ZAR exchange rate was 14.2125. This week, the exchange rate is 14.5447. How much has the South African rand depreciated/appreciated against the U.S. dollar?
| a. | depreciated by 2.28% | |
| b. | appreciated by 2.28% | |
| c. | depreciated by 2.34% | |
| d. | appreciated by 2.34% |
Last week, the USD/ZAR exchange rate was 14.2125. This week, the exchange rate is 14.5447. How much has the U.S. dollar depreciated/appreciated against the South African rand?
| a. | depreciated 2.28% | |
| b. | appreciated 2.28% | |
| c. | depreciated 2.34% | |
| d. | appreciated 2.34% |
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Entrepreneurial Finance
Authors: Steven Rogers
4th Edition
1260461440, 978-1260461442
