In December 2018 the government of Pakistan officially changed the value of the Pakistan Rupee from 121.04 rupee per dollar to 155.24 rupee per dollar. What was the percentage change in its value? Was this a depreciation, devaluation, appreciation, or revaluation? Explain.
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In December 2018 the government of Pakistan officially changed the value of the Pakistan Rupee from 121.04 rupee per dollar to 155.24 rupee per dollar. What was the percentage change in its value? Was this a
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- In December 1994 the government of Mexico officially changed the value of the Mexican peso from 3.2 pesos per dollar to 5.5 pesos per dollar. Required : What was the percentage change in its value? Was this a depreciation, devaluation, appreciation, or revaluation? Explain. Calculate the Percentage Change in Value Values of Peso - Initial exchange rate (peso/$) 3.20 New exchange rate (peso/$) 5.50In 2018, the yen went from $0.00887619 to $0.00906626. • By how much did the yen appreciate against the dollar? • By how much has the dollar depreciated against the yen?Many people were surprised when Indonesia became t- In December 2018 the government of Pakistan officially changed the value of the Pakistan Rupee from 121.04 rupee per dollar to 155.24 rupee per dollar. What was the percentage change in its value? Was this a depreciation, devaluation, appreciation, or revaluation? Explain.he one of the largest rubber producing country in the world in recent years, after Brazil and Vietnam. The Indonesian Rupiah, Rp, is managed currency and not traded widely. You are a trader and purchase rubber for manufacturing the tires. As you reach Indonesia, you find different exchange rates are offered by different dealers with their commission fees. If you have 21,000 Euros with you, which dealer is in your best interest to exchange the money from Euro to Indonesian Rupiah
- In October 2014, the Malaysian Ringgit (MYR) was trading at MYR3.30 per US Dollar (USD). If the ringgit is now trading at MYR4.20 per USD, what is the percentage change in the ringgit’s value? Is this an appreciation or depreciation? A) 27.27% (Depreciation) B) 27.27% (Appreciation) C) The value remains unchangedThe Ringgit went from RM3.60 at end-2009 to RM3.10 at end-2010 against the US$.a) Which currency appreciated? Which depreciated?b) Determine the percentage appreciation or depreciation of the Ringgit.c) Determine the percentage appreciation or depreciation of the US$.During 2004 till 2008, Malaysian exchange rate faced a depreciation. Based on this situation, what is the reason of the depreciation happen in that year?
- Asian financial crisis and the Thai baht. On July 3, 1997, the Thai baht was unpegged from the U.S. dollar and promptly depreciated from THB 25 = US$1 to THB 60 = US$1. What was the baht's percentage depreciation against the US$? Compute the percentage depreciation/appreciation of the baht from the U.S. dollar perspective. Do you get the same result with a minus sign as you did from the baht's perspective? Explain.Today, the US dollar is trading at ₵4.60, compared to ₵4.20 a year ago. What is the percentage appreciation/depreciation of the dollar relative to the cedi? What is the percentage appreciation/depreciation of the cedi relative to the dollar? Please comment on your results.Venezuela’s current account in 2019 was $84 billion and its change in official reserves was $33 billion, what is the country’s capital account. Explain what this amount means?
- On December 1,2022, DG Computers Inc. purchased 10 personal computers from Japanese firm for P200,000 Japanese yen. The exchange rate for the Japanese yen is P1=¥2.22 on December 1 and P1=¥2.70 on December 31. Compute for any forex gain (loss).In the beginning of January of 1994, what was the repo rate in the United States? 3.25 3.00 2.80 3.00 Was this rate higher or lower compared to previous years? lower higher O unchanged How is the repo rate determined? The repo rate is determined by an act of Congress. The U.S. Treasury sets the repo rate. MooBook ProA year ago, the pound was trading at 515 Nigerian nairas (NGN) per pound and 93 Indian rupees (INR) per pound. Today, the pound is trading at NGN 530/£ and INR 100/£. Calculate the cross rates for the naira per rupee at the two dates and determine the percentage appreciation or depreciation of the Indian rupee relative to the Nigerian naira.