Consider the following table of average monthly exchange rates. Japanese yen ¥ Euro € Pound sterling £ HK dollar HK$ Thai baht B March 2020 PHP per unit of foreign currency 0.4731 56.3194 63.0322 6.5552 1.5889 USD per unit of foreign currency 0.0093 1.1064 1.2384 0.1288 0.0312 March 2021 PHP per unit of foreign currency 0.4476 57.8798 67.363 6.2563 1.5812 USD per unit of foreign currency 0.0092 1.1916 1.3868 0.1288 0.0325 A. How many units of Japanese yen do you need to buy P1 in March 2020 and in March 2021? B. How many units of Japanese yen do you need to buy $1 in March 2020 and in March 2021? C. The Philippine peso depreciated against which currencies between March 2020 and March 2021? D. The US dollar appreciated against which currencies between March 2020 and March 2021?

Consider the following table of average monthly exchange rates. Japanese yen ¥ Euro € Pound sterling £ HK dollar HK$ Thai baht B March 2020 PHP per unit of foreign currency 0.4731 56.3194 63.0322 6.5552 1.5889 USD per unit of foreign currency 0.0093 1.1064 1.2384 0.1288 0.0312 March 2021 PHP per unit of foreign currency 0.4476 57.8798 67.363 6.2563 1.5812 USD per unit of foreign currency 0.0092 1.1916 1.3868 0.1288 0.0325 A. How many units of Japanese yen do you need to buy P1 in March 2020 and in March 2021? B. How many units of Japanese yen do you need to buy $1 in March 2020 and in March 2021? C. The Philippine peso depreciated against which currencies between March 2020 and March 2021? D. The US dollar appreciated against which currencies between March 2020 and March 2021?

Managerial Economics: Applications, Strategies and Tactics (MindTap Course List)

14th Edition

ISBN:9781305506381

Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris

Publisher:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris

Chapter6: Managing In The Global Economy

Section: Chapter Questions

Problem 12E

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