+ U.S.-dollar foreign-exchange rates in late New York trading on Thursday, Oct. 15, 2020 IN US$ USS VS. % CHG PER US$ THURS WED 1-DAY YTD THURS WED 1.2905 1.3010 0.81 2.8 0.7749 0.7686 0.0129 0.0129 0.12 29.4 77.4919 77.3997 0.03206 0.03212 0.19 4.8 31.190 31.130 U.K. pound Argentina peso Thailand baht China yuan Euro area euro Ecuador US dollar Japanese yen 0.1487 0.1489 0.15 -3.4 6.7254 6.7151 1.1709 1.1748 0.33 -4.2 0.8541 0.8512 1 1 unch unch 1 1 0.00948 0.00951 0.27 -2.9 105.45 105.16 Paste 1. Please refer to the foreign exchange (FX) rates table, which shows FX closing market rates for Oct 14 (Wednesday) and Oct 15 (Thursday). And answer the following questions. i) There are two different ways to quote exchange ratesdirect quotations or indirect quotations. For example, when the Japanese yen is quoted Yen () 105.45 per US$, is it directly quoted or indirectly quoted? ii) Was the Chinese yuan appreciated or depreciated with respect to the US$ from Wednesday to Thursday? iii) Which currency shown in the list depreciated the most with respect to the US$ from Wednesday (10/14) to Thursday (10/15)? iv) Which currency (or currencies) among the currencies listed in the table below appreciated the most with respect to the US$ during the period from January 1, 2020, to the present (YTD)? v) Please find out from your research why Ecuador currency does not change at the fixed exchange rate of 1. + U.S.-dollar foreign-exchange rates in late New York trading on Thursday, Oct. 15, 2020 IN US$ USS VS. % CHG PER US$ THURS WED 1-DAY YTD THURS WED 1.2905 1.3010 0.81 2.8 0.7749 0.7686 0.0129 0.0129 0.12 29.4 77.4919 77.3997 0.03206 0.03212 0.19 4.8 31.190 31.130 U.K. pound Argentina peso Thailand baht China yuan Euro area euro Ecuador US dollar Japanese yen 0.1487 0.1489 0.15 -3.4 6.7254 6.7151 1.1709 1.1748 0.33 -4.2 0.8541 0.8512 1 1 unch unch 1 1 0.00948 0.00951 0.27 -2.9 105.45 105.16 Paste 1. Please refer to the foreign exchange (FX) rates table, which shows FX closing market rates for Oct 14 (Wednesday) and Oct 15 (Thursday). And answer the following questions. i) There are two different ways to quote exchange ratesdirect quotations or indirect quotations. For example, when the Japanese yen is quoted Yen () 105.45 per US$, is it directly quoted or indirectly quoted? ii) Was the Chinese yuan appreciated or depreciated with respect to the US$ from Wednesday to Thursday? iii) Which currency shown in the list depreciated the most with respect to the US$ from Wednesday (10/14) to Thursday (10/15)? iv) Which currency (or currencies) among the currencies listed in the table below appreciated the most with respect to the US$ during the period from January 1, 2020, to the present (YTD)? v) Please find out from your research why Ecuador currency does not change at the fixed exchange rate of 1
