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Q4.5. Between January 1, 2018 and August 14, 2018, the Turkish lira tumbled dramatically from TL 3.786/USD to TL6.955/USD. a. What was the original U.S.

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Q4.5. Between January 1, 2018 and August 14, 2018, the Turkish lira tumbled dramatically from TL 3.786/USD to TL6.955/USD. a. What was the original U.S. dollar value of the Turkish lira? What is the new U.S. dollar value of the Turkish lira? b. By what percentage has the Turkish lira devalued (revalued) relative to the U.S. Dollar? c. By what percentage has the U.S. dollar appreciated (depreciated) relative to the Turkiss lira

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