The Brexit referendum result was announced on the morning of 24 June 2016. Go to the Federal Reserve Economic Data (FRED) at the U.S. Federal Reserve Bank St. Louis and get the daily exchange rates for the U.S. dollar against the Australian dollar, and against the U.K. British pound. Note that the exchange rates are quoted based on American terms for the U.S.

N.B.: In the following questions, the U.K. pound is considered to be the home currency.

(a) Find the exchange rates of the U.K. pound against the US$ and the AU$, E_/US$ and E_/AU$, on 23 June 2016 and 24 June 2016. (round to 3 decimal places)

(b) Find the depreciation rate of the U.K. pound against the US$ and the AU$, %E_/US$ and %E_/AU$, over one day, from 23 June 2016 to 24 June 2016. (round to 3 decimal places)

US/AUS

2016-06-23	0.7598
2016-06-24	0.7451

US/GB

,

2016-06-23	1.1373
2016-06-24	1.1126