Using Jan $3,2021$ as the starting date and Feb $19,2023$ as the end date, calculate the $\%$ change in the price of $1$ USD in terms of $($a$)$ the Canadian Dollar and $($b$)$ The EURO. In each case, state whether the USD appreciated or depreciated during this period.a$.$ The Canadian Dollar:$[$Current Rate $/$ Base Rate$]1$ Starting date: Jan $3,2021($USDCAD $=$ X$)$USD$/$CAD $=1\mathrm{.}2684($Base Rate$)1/1\mathrm{.}2684=0\mathrm{.}78839=0\mathrm{.}78838$ X $100=78\mathrm{.}84\%$ End Date: Feb $19,2023($USDCAD $=$ X$)$USD$/$CAD $=1\mathrm{.}3543($Current Rate$)1/1\mathrm{.}3543=0\mathrm{.}7384=0\mathrm{.}7384$ X $100=73\mathrm{.}84\%[$Current Rate $/$ Base Rate$]1[73\mathrm{.}84/78\mathrm{.}84]-1=-6\mathrm{.}34\%$ : In terms of the Canadian Dollar the percentage change is $-6\mathrm{.}34\%.$ In this case since the percentage change is negative $($i$.$e$.$ the US$ is becoming cheaper compared to CAD terms$)$ the USD has depreciated against the CAD. b$.$ The Euro$[$Current Rate $/$ Base Rate$]1$ Strating Date: Jan $3,2021($USDEUR $=$ X$)$EUR $=$ X $0\mathrm{.}8149($Base Rate$)(1/0\mathrm{.}8149)=1\mathrm{.}23$ X $100=122\mathrm{.}71$ End Date: Feb $19,2023($USDEUR $=$ X$)$EUR $=$ X $0\mathrm{.}9436($Current Rate$)(1/0\mathrm{.}9436)=1\mathrm{.}059771\mathrm{.}05977$ X $100=105\mathrm{.}98[105\mathrm{.}98/122\mathrm{.}71]1=-13\mathrm{.}63$: In terms of the European dollar the percentage change is $-13\mathrm{.}63\%.$ In this case since the percentage change is negative $($i$.$e$.$ the US$ is becoming cheaper compared to EUR terms$)$ the USD has depreciated against the EUR. ii$)$ Using Jan $3,2021,$ as the starting date and Feb $19,2023,$ as the end date, calculate the $\%$ change in $($a$)$ the Swedish Krona in terms of US dollars and $($b$)$ the US Dollar in terms of Japanese Yen $($JPY$).$ In each case, state whether the SEK or US Dollar appreciated or depreciated during this period.a$)$ The Swedish krona in terms of US dollars$[$Current Rate $/$ Base Rate$]1$ Starting Date: January $3,2021($SEKUSD $=$ X$)$SEKUSD $=$ X $0\mathrm{.}1221($Base Rate$)(1/0\mathrm{.}1221)=8\mathrm{.}19$ x $100=819\mathrm{.}00$ End Date: Feb $19,2023($SEKUSD $=$ X$)$SEKUSD $=$ X $0\mathrm{.}0959($Current Rate$)(1/0\mathrm{.}0959)=10\mathrm{.}4275$ X $100=1042\mathrm{.}75[1042\mathrm{.}75/819\mathrm{.}00]1=0\mathrm{.}2732$ X $100=27\mathrm{.}32\%$: In terms of the US dollars the percentage change is $27\mathrm{.}32\%.$ In this case since the percentage change is positive $($i$.$e$.$ the SEK$ is becoming expensive compared to USD terms$)$ the SEK has appreciated against the USD. b$)$ The US Dollar in terms of Japanese Yen $($JPY$)[$Current Rate $/$ Base Rate$]1$ Starting Date: January $3,2021($USDJPY $=$ X$)$USDJPY $=$ X $0\mathrm{.}009634839$ X $100=0\mathrm{.}9635$ End Date: Feb $19,2023$JPY $=$ X $134\mathrm{.}63($Current Rate$)(1/134\mathrm{.}63)=0\mathrm{.}00742$ X $100=0\mathrm{.}07428[0\mathrm{.}7428/0\mathrm{.}9635)1=-0\mathrm{.}2291$ X $100=-22\mathrm{.}91\%$: In terms of the Japanese dollar the percentage change is $-22\mathrm{.}91\%.$ In this case since the percentage change is negative $($i$.$e$.$ the JPY$ is becoming cheaper compared to USD terms$)$ the JPY has depreciated against the EUR. $2)$ i$)$ If a Canadian investor had purchased $1,000$ shares of Pepsi in the week of Jan $3,2021$ at $$84$ US per share $,$ how much money would she have made or lost in C$ terms if she sold the shares in the week of Feb $19,2023$ at $$71$ US per share, ignoring commissions and taxes? $($use the C$ FX rates from question $1$ above$).$ ii$)$ Of the total C$ gain or loss, how much was attributable to $($a$)$ the change in the value of Pepsi shares and $($b$)$ the change in the value of the Canadian Dollar? $($Give your answer in C$ terms not $\%$ terms.$)$