Options:

Canadian Dollar Value Percentage Change = -2.86%, -3.72%, -3.43%, -3.15%

Euro Percentage Change = -2.24%, -2.69%, -2.91%, -2.46%

Third Options: A depreciation, an appreciation, or no change

Fourth Option: Canadian Dollar or Euro (more volatile over entire time period)

1. Measuring movements in exchange rates The following table shows hypothetical monthly exchange rates for the Canadian dollar and the euro, as well as the standard deviation of percentage changes for each currency. Use the table to select the percent change from March 1 to April 1 in the Canadian dollar exchange rate and the euro The percentage change in the Canadian dollar from March 1 to April 1 represents in the value of the Canadian dollar. In this example, the value of the was more volatile over the entire time period