Venezuelan Bolivar (B). The Venezuelan government officially floated the Venezuelan bolivar (Bs) in February 2002. Within weeks, its value had moved from the pre-float fix of Bs 777/$ to Bs 1,023/$. The Venezuelan political and economic crisis deepened in late 2002 and early 2003. On January 1, 2003, the bolivar was trading at Bs 1,403/$. By February 1, its value had fallen to Bs 1,950/$. Many currency analysts and forecasters were predicting that the bolivar would fall an additional 41% from its February 1 value by early summer 2003.

a. What was the percentage change in January?

The percentage change is ______. (Round to two decimal places.)

b. What is the forecast value for June 2003?

The forecast value for June 2003 is Bs_______. (Round to the nearest Bolivar.)