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On February 1, 2019 exchange rates were 1.1474 $/euro, 1.3094 $/pound, and 0.9940 Swiss francs per $. On February 3, 2020, the exchange rates were
On February 1, 2019 exchange rates were 1.1474 $/euro, 1.3094 $/pound, and 0.9940 Swiss
francs per $. On February 3, 2020, the exchange rates were 1.1062 $/euro, 1.3006 $/pound, and
0.9655 Swiss francs per $. From the perspective of a U.S. investor, how much did each foreign
currency appreciate or depreciate over the past year, in percentage terms?
What are the euro/pound cross rates in the previous problem? Has the pound appreciated or
depreciated against the euro over the past year? By about what percentage?
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