Question

The Brazilian? real's (BRL or? R$) value was BRL 1.771 to USD 1.00 on Thursday January?...

The Brazilian? real's (BRL or? R$) value was BRL 1.771 to USD 1.00 on Thursday January? 24, 2008, then plunged in value to BRL 2.37 to USD 1.00 on January? 26, 2009. What was the percentage change in its? value?

Is the percentage change negative or positive? Did the real fall or rise? Did it appreciate or depreciate?

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Answer #1
Old BRL rate 1.771
New BRL rate 2.37
Since the investor in brazil has to increase more Brazil real to purchase 1 USD, we can say that
Brazilean Real is depreciating
Direct Quote of BRL
Old rate 0.564653
New rate 0.421941
0.56465*(1-rate)= 0.421941
1-Dep rate= 0.42194/0.56465
1-Dep rate= 0.747259
Dep rate= 1-0.747259
Dep rate= 0.252741
Dep rate= 25.27%
So we can say that the Brazilean currency has depreciated by 25.27%
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