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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

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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 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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