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Use the following information for Problems 18 through 20: Exchange Rate At t=0 At t=1 1.59 1.38 X USD/GBP XTHB/USD XCHF/USD 22.37 22.77 1.04 0.95

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Use the following information for Problems 18 through 20: Exchange Rate At t=0 At t=1 1.59 1.38 X USD/GBP XTHB/USD XCHF/USD 22.37 22.77 1.04 0.95 Problem 19: By how many percent did the CHF appreciate/depreciate against the USD? Problem 20: By how many percent did the GBP appreciate/depreciate against the USD

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