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Refer to the exchange rates from November 6, 2006, given in the following table. Based on the table provided, answer the following questions. 1. Today

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Refer to the exchange rates from November 6, 2006, given in the following table. Based on the table provided, answer the following questions. 1. Today November 6, 2006 One Year Ago November 6, 2005 Per $ Per Per Per $ Australia 2.461 2.153 11.121 1.491 14.867 85.215 224.287 1.128 1.190 7.457 0.781 7.785 9.969 57.140 150.394 0.848 7.752 45.780 Hong Kong 117.440 3.778 10.706 9.141 United Kingdom United States 0.524 1.910 Sounc: U.S. Fedenal Reserve Board of Govermors, H.20 release: Fonerign Exchange Rates a. Calculate the U.S. dollar-yen exchange rate, Ess, and the U.S. dollar-Canadian dollar exchange rate, Escs, on November 6, 2005, and November 6, 2006. b. What happened to the value of the U.S. dollar relative to the Japanese yen and Canadian dollar, between November 6, 2005, and November 6, 2006? Calculate the percentage change in the value of each foreign currency (Japanese yen and Canadian dollar) relative to the U.S dollar for each country. Use your answers from (a) c. Using the information for November 2006 in the table, calculate the Danish krone- Canadian dollar exchange rate, Ekrone/C$

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