Question
The exchange rate between the US dollar (USD) and the South African Rand (ZAR) moved from 18.44 ZAR to 19.27 ZAR in one week again
The exchange rate between the US dollar (USD) and the South African Rand (ZAR) moved from 18.44 ZAR to 19.27 ZAR in one week again 1 USD. (a) Calculate the percentage appreciation or depreciation of the ZAR. Show your workings. (b) Using the result obtained in (a) above, please calculated the percentage appreciation or depreciation of the USD. Show your workings and explain.
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Multinational Finance
Authors: Kirt C. Butler
4th Edition
1405181184, 978-1405181181
