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Suppose the Swiss franc revalued from USD0.9838/CHF at the beginning of 2016 to USD1.0279/CHF at then end of 2016.By what percent has the U.S. dollar
Suppose the Swiss franc revalued from USD0.9838/CHF at the beginning of 2016 to USD1.0279/CHF at then end of 2016.By what percent has the U.S. dollar appreciated or depreciated relative to the Swiss franc?
- Hint 1: provide your answer at least up to 2 decimal points in % term, i.e., if the answer is 23.45% (=0.2345), then enter "23.45". To get more accurate answer, try to use as many decimal points as possible in middle steps.
- Hint 2: If depreciated, then the answer should be negative number. Please put "-" (minus sign) in front of your answer.
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