Question

1. Exchange-rate essentials

Use the hypothetical information in the following table to answer the questions that follow.

Country	Currency Symbol	Exchange Rates
(Currency)		On May 1, 2016		On May 1, 2017
		Per $	Per €	Per $	Per €
Canada (dollar)	C$	1.26	1.622	1.118	1.412
Eurozone (euro)	€ or EUR	0.777	—	0.792	—
Japan (yen)	¥	104.8	134.9	113.9	143.8
United Kingdom (pound)	£	0.524	0.675	0.548	0.693
United States (dollar)	$	—	1.287	—	1.263

Please answer all parts below, including bolded brackets and blank spaces. Thanks.

The U.S. exchange rate against the British pound on May 1, 2017, was [$0.548/ $1.825 / $1.263] per pound (£).

Using information from the previous table, indicate whether each currency listed in the following table appreciated or depreciated against another currency between May 1, 2016, and May 1, 2017.

Currency	Appreciated	Depreciated
The Canadian dollar against the U.S. dollar
The U.S. dollar against the Japanese yen
The British pound against the euro

Over the period of May 1, 2016, to May 1, 2017, the U.S. dollar [ appreciated / depreciated] against the euro by [1.9% / 12.5% / 7.3% / 6.9%] . The euro [appreciated / depreciated]  against the Canadian dollar by [7.3% / 12.5% / 12.9% / 6.9%] .

Answer 1

Particulars	1.5.16	1.5.17
1 dollar	1.26 Canadian dollars	1.118 canadian dollars
1 canadian dollar	0.793650794	0.894454383
Canadian dollar appreciated against dollar (%)	12.70125224
1 euro	1.622 canadian dollars	1.412 candian dollars
Candian dollar appreciated against euro	0.616522811	0.708215297
1 euro	1.287 US dollars	1.263 US dollars
1 euro	134.9 Japanese yen	143.8 Japanese Yen
1 US dollar	104.8174048	113.8558987
US dollar appreaciated against Japanese Yen (%)	8.623084928
1 euro	.675 British pound	.693 British pounds
1 British pound	1.481481481	1.443001443
British pound depreciated against EURO(%)	2.597402597