The value of the euro was$0.84on October 27, 2000. On March 23, 2008, the same euro was worth$1.58. By how much did the value of the dollar depreciate against the euro? Show all your calculations. 

On July 19, 1985, the euro was devalued by 17% against the US dollar. This is equivalent to a revaluation of the dollar against the euro by how much? Show all your calculations. 

 Example of intervention in the foreign exchange market? The French government sells dollars in the foreign exchange market to prop up the value of the euro. Give reasons for your answer.

One disadvantage of a strong dollar is that Americans will be less likely to buy foreign wines. Do you agree with this expression? Support your answer. (5 points)