Question
Please review the following interactive currency chart over the last 10 years. (Links to XE website, links not allowed here but they are an easy
Please review the following interactive currency chart over the last 10 years.
(Links to XE website, links not allowed here but they are an easy search. 10 Year GBP to USD Chart). THIS IS AN INTERACTIVE CHART THAT I CANNOT COPY AND PASTE HERE. IT IS, HOWEVER, EASY TO FIND WITH A SIMPLE GOOGLE SEARCH.
Answer the following questions:
There are mainly three troughs and one peak. Please find the dates of peak and troughs. What are the reasons for the peak and the trough between 2016 and 2017? In addition, what caused the sharp depreciation for British Pound during 2010, between 2016 and 2017, and depreciation after March 2020? If you have $10,000 and would like to convert to pounds, how much can you get on August 18th, 2022 (show your work for the currency conversion)? Your answers are limited to no more than ten sentences.
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