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Venezuelan Bolivar (B). The Venezuelan political and economic crisis deepened in late 2002 and early 2003. On January 1, 2003, the bolivar was trading at
Venezuelan Bolivar (B). The Venezuelan political and economic crisis deepened in late 2002 and early 2003. On January 1, 2003, the bolivar was trading at Bsl400/$. By February 1, its value had fallen to Bsl950/$. Many currency analysts and forecasters were predicting that the bolivar would fall an additional 40% from its February 1 value by early summer 2003. a. What was the percentage change in January? b. What is the forecast value for June 2003
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