Question
The exchange rate of Chinese yuan (CNY) is 6.22 CNY/USD. If you want to convert 10,000 CNY into USD, how much USD will you
The exchange rate of Chinese yuan (CNY) is 6.22 CNY/USD. If you want to convert 10,000 CNY into USD, how much USD will you receive? On January 1, 2019, the Japanese Yen's exchange rate was 105 JPY/USD. Today, the Japanese Yen exchange rate is closed at 115 JPY/USD. How much percentage change in the Yen's value against the US dollar in this time period? Has Japanese Yen appreciated or depreciated against the US dollar?
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