Intro A week ago, a euro cost $1.06. Today, a euro costs $1.13. Part 1 What is the percent change in the value of the euro? Part 2 What happened to value of the two currencies? Check all that apply: The euro depreciated. The dollar depreciated. The euro appreciated. The dollar appreciated.
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- If euros sell for 1.50 (U.S.) per euro, what should dollars sell for in euros per dollar?Suppose that the exchange rate is 0.60 dollars per Swiss franc. If the franc appreciates 10% against the dollar, how many francs would a dollar buy tomorrow?Last month, the value of €1 was $1.30. During the last month the euro (€) depreciated by 5%. What is the value of euro today? a. $1.235 b. $1.30 c. $1.330 d. $1.365
- 24) In 1999, the euro was trading at $0.84 per euro. If the euro is now trading at $0.99 per euro, what is the percentage change in the euro’s value?Suppose that today the exchange rate between the U.S. dollar and the Chinese yuan is $1 = .12 yuan. If next week the exchange rate is $1 = .20 yuan, it is clear that: A)The yuan has depreciated relative to the dollar. B)Both currencies have depreciated. C)The dollar has depreciated relative to the yuan. D)Both currencies have appreciatedSuppose one Euro can purchase 1.25 U.S. dollars today in the foreign exchange market, and currency forecasters predict that the Euro will depreciate by 20% against the US dollar over the next 60 days. How many dollars will a Euro buy in 60 days? (Please show work)
- 1) The difference between direct and indirect quotes: What is a direct pound for euro quote? What is a direct dollar quote for pound? What is an indirect dollar quote for yen? What is the indirect Swiss franc for pound quote? 2) Nominal annualized realized appreciation: Two months ago the price of a dollar in Tokyo was 95.6789. Today it is 93.5432. What is annualized realized yen appreciation? Four months ago direct dollar quote for pound was 1.2468. Today it is 1.1357. What is annualized realized pound appreciation? 3) Appreciation vs depreciation: How much did the dollar appreciate if the euro depreciated 3.5778% against the dollar? 4) Buying and selling For-Ex with bid-as quotes: How many dollars do you need to buy 3 million euros if the indirect dollar quote for euro is 0.8972-13? How many Swiss francs will you get from one billion yen if the price of Swiss franc in Tokyo is 101.3050-15? How many dollars will you get from 6 million pounds if the direct dollar quote for…Suppose that 1 Danish krone could be purchased in the foreign exchange market today for $0.17. If the krone appreciated 7% tomorrow against the dollar, how many krones would a dollar buy tomorrow? Do not round intermediate calculations. Round your answer to four decimal places. ____ kronesOn January 1, 2021, Euro and USD exchange rate was 1.23 USD/EUR. Today, the Euro exchange rate is 0.83 EUR/USD. Can you tell if EUR has appreciated or depreciated relative to USD from January 1 to today? How much is the change in Euro currency value relative to USD? A.Euro has appreciated 32% relative to USD. B.Euro has depreciated 2% relative to USD. C.Euro has depreciated 32% relative to USD. D.Euro has appreciated 2% relative to USD.
- Suppose that 1 Danish krone could be purchased in the foreign exchange market today for $0.17. If the krone appreciated 9% tomorrow against the dollar, how many krones would a dollar buy tomorrow? Do not round intermediate calculations. Round your answer to four decimal places.Assume that a bank has assets located in Germany worth €150 million earning an average of 8 percent. It also holds €100 in liabilities and pays an average of 6 percent per year. The current spot rate is €1.50 for $1. If the exchange rate at the end of the year is €2.00 for $1, ( LG 19-1) a. What happened to the dollar? Did it appreciate or depreciate against the euro (€)? b. What is the effect of the exchange rate change on the net interest margin (interest received minus interest paid) in dollars from its foreign assets and liabilities? c. What is the effect of the exchange rate change on the value of the assets and liabilities in dollars?In 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?