on February 13,2020 you purchased a British pound-denominated CD by converting $1 million to pounds at a rate of 0.8226 pound for US dollar . It is now March 13,2020 . Has the US dollar appreciated or depreciated in value relative to British pound ( solve with the help of given table) B) using information in part A what is your gain or loss on the investment in the CD ? Assume no interest has been paid on the Cd

TABLE 9-1 Foreign Currency Exchange Rates Exchange Rates: New York Closing Snapshot Friday, March 13, 2020 U.S.-dollar foreign-exchange rates in late New York trading Country/Currency IN US$ PER US$ Fri Thurs Fri Thurs Thailand baht 0.03138 0.03152 31.87 31.73 Country/Currency IN US$ PER US$ Vietnam dong 0.00004308 0.00004311 23211 23197 Europe Fri Thurs Fri Thurs Bulgaria lev 0.56567 Americas Croatia kuna 0.1466 0.57251 0.1471 1.7680 1.7470 6.8234 6.799 Argentina peso 0.0159 0.0159 Brazil real 0.2058 0.2086 62.90 4.8595 62.70 Czech Rep. koruna 0.0422 0.04267 23.697 23.438 4.7941 Denmark krone 0.1486 0.1497 6.7290 6.6812 Canada dollar 0.7243 0.7181 1.3807 1.3926 Euro area euro 1.1104 1.1185 0.9006 0.8941 1-month forward 0.7148 0.7209 1.3990 1.3872 1-month forward 1.1090 1.1102 0.9017 0.9008 3-month forward 0.7149 0.7210 1.3988 1.3870 3-month forward 1.1120 1.1130 0.8993 0.8985 6-month forward 0.7151 0.7211 1.3984 1.3868 6-month forward 1.1150 1.1163 0.8969 0.8958 Chile peso 0.001192 Colombia peso 0.000249 0.001176 839.00 850.60 0.000248 4023.01 4028.00 Hungary forint 0.00327675 0.00330557 305.18 302.52 Iceland Krona 0.007404 Ecuador US dollar 1.0000 1.0000 1.0000 1.0000 Norway krone 0.0994 0.007492 0.0984 135.07 133.48 10.0583 10.1657 Mexico peso 0.0456 0.0456 21.9168 Uruguay peso 0.02304 0.02314 43.41 21.9202 43.21 Poland zloty 0.2538 0.2555 3.9403 3.9142 Romania leu 0.2301 0.2318 4.3456 4.3140 Asia-Pacific Russia ruble 0.01377 0.01335 72.623 74.905 Australian dollar 0.6193 0.6237 China yuan 0.1427 0.1423 Hong Kong dollar 0.1287 0.1286 India rupee 0.01354 0.01341 1.6147 1.6033 7.0082 7.0296 7.7695 7.7773 73.84 74.576 Sweden Krona 0.103 0.1026 9.7050 9.7493 Switzerland franc 1.0521 1.0594 0.9505 0.9439 1-month forward 1.0502 1.0507 0.9522 0.9518 3-month forward 1.0536 1.0541 0.9491 0.9487 Indonesia rupiah 0.0000677 0.0000689 14770 14522 6-month forward 1.0576 1.0581 0.9455 0.9451 Japan yen 0.00926 0.00956 1-month forward 0.00936 0.00948 107.98 104.63 106.88 105.49 Turkey lira 0.1579 0.1583 6.3337 6.3168 Ukraine hryvnia 0.0383 0.0387 26.1356 25.8563 3-month forward 0.00938 0.00950 106.58 105.22 U.K. pound 1.2284 1.2569 0.8141 0.7956 6-month forward 0.00941 0.00953 Kazakhstan tenge 0.00246 0.0025 106.24 104.91 406.55 400.63 1-month forward 1.2415 1.2555 0.8055 0.7965 3-month forward 1.2425 1.2564 0.8048 0.7960 Macau pataca 0.1250438 0.1249375 7.9970 8.0040 6-month forward 1.2428 1.2566 0.8046 0.7958 Malaysia ringgit 0.2337 New Zealand dollar 0.6068 0.2341 0.6087 4.2785 4.2725 1.6480 1.6428 Middle East/Africa Bahrain dinar 2.6489 2.6524 0.3775 0.3770 Pakistan rupee 0.00636 0.00628 157.15 159.25 Egypt pound 0.0637 0.0637 15.7007 15.7011 Philippines peso 0.0196 0.0195 51.07 51.32 Israel shekel 0.2728 0.2711 3.6662 3.6887 Singapore dollar 0.707 South Korea won Sri Lanka rupee Taiwan dollar 0.0008252 0.005423 0.03317 0.7091 0.0008256 1211.78 1211.21 0.0054684 184.4 1.4145 1.4102 Kuwait dinar 3.2457 3.2608 0.3081 0.3067 Qatar rial 0.2754 0.2762 3.6312 3.6202 182.87 Saudia Arabia riyal 0.2664 0.2664 3.7533 3.7538 0.03313 30.14 30.18 South Africa rand 0.0614 0.0605 16.2771 16.5405