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Suppose that the exchange rate between Malaysian ringgit and US dollar (MYR/US$) was 4.4114 on Thursday...


Suppose that the exchange rate between Malaysian ringgit and US dollar (MYR/US$) was 4.4114 on Thursday and 4.4316 on the following day.

A)   Did the ringgit appreciate or depreciate to the US dollar and how much was the appreciation/depreciation (in percentage change terms)?

B)   Did the US dollar appreciate or depreciate to the ringgit and how much was the appreciation/depreciation (in percentage change terms)?

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