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Posted on Jul 28, 2024

On January 1, 2007, the Mexican Peso/U.S. exchange rate was Ps 10.6250 = $1. By January 1, 2017, the exchange rate stood at Ps 19.1476

On January 1, 2007, the Mexican Peso/U.S. exchange rate was Ps 10.6250 = $1. By January 1, 2017, the exchange rate stood at Ps 19.1476 = $1.

a. By how much has the Mexican peso appreciated ot depreciated against the dollar over this 10-year period?

b. By how much has the dollar appreciated or depreciated against the peso over this period?

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