Question
The following is a frequency polygon of monthly exchange rate changes in the US dollar/Japanese yen spot exchange rate for a four-year period. A positive
The following is a frequency polygon of monthly exchange rate changes in the US dollar/Japanese yen spot exchange rate for a four-year period. A positive change represents yen appreciation (the yen buys more dollars), and a negative change represents yen depreciation (the yen buys fewer dollars). Monthly Changes in the US Dollar/Japanese Yen Spot Exchange Rate
Based on the chart, yen appreciation:
1. was less frequent than yen depreciation. | ||
2. in the 0.0 to 2.0 interval occurred 20% of the time | ||
3.occurred more than 50% of the time | ||
4. was more frequent than yen depreciation. |
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