The Ringgit went from RM3.60 at end-2009 to RM3.10 at end-2010 against the US$. a) Which currency appreciated? Which depreciated? b) Determine the percentage appreciation or depreciation of the Ringgit. c) Determine the percentage appreciation or depreciation of the US$.

The Ringgit went from RM3.60 at end-2009 to RM3.10 at end-2010 against the US$. a) Which currency appreciated? Which depreciated? b) Determine the percentage appreciation or depreciation of the Ringgit. c) Determine the percentage appreciation or depreciation of the US$.

International Financial Management

14th Edition

ISBN:9780357130698

Author:Madura

Publisher:Madura

Chapter4: Exchange Rate Determination

Section: Chapter Questions

Problem 1BIC

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Question

The Ringgit went from RM3.60 at end-2009 to RM3.10 at end-2010 against the US$.
a) Which currency appreciated? Which depreciated?
b) Determine the percentage appreciation or depreciation of the Ringgit.
c) Determine the percentage appreciation or depreciation of the US$.

Definition Video Definition Accounting method wherein the cost of a tangible asset is spread over the asset's useful life. Depreciation usually denotes how much of the asset's value has been used up and is usually considered an operating expense. Depreciation occurs through normal wear and tear, obsolescence, accidents, etc. Video

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