Question

****Can someone show me how to get the answers? 1. Aug. 30, US$0.9985/CND Sept. 6, US$0.9942/CND...

****Can someone show me how to get the answers?

1. Aug. 30, US$0.9985/CND

Sept. 6, US$0.9942/CND

What's the percentage change in the value of Canada dollar (against US$) from Aug. 30 to Sept. 6?

Answer: -0.43%

2. Aug. 30, US$0.9985/CND

Sept. 6, US$0.9942/CND

What's the percentage change in the value of US dollar (against Canada Dollar) from Aug. 30 to Sept. 6?

Answer: 0.43%

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Answer #1
Ans 1
USD to CND
i Aug 30 rate 0.9985
ii Sept 30 rate 0.9942
iii=ii/i-1 % change = -0.43%
0.9942/0.9985-1
Ans 2
CND to USD
i Aug 30 rate          1.00150 1/0.9985
ii Sept 30 rate          1.00583 1/0.9942
iii=i/ii-1 % change = 0.43%
1.00583/1.00150-1
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