Question

University of San Francisco attracts students from all across the world. 17% of the students come from foreign countries. The tuition to attend USF as a full time undergraduate student is $44,000 a year. The recent currency fluctuations have affected the tuition cost of many international students in terms of their home currencies. Please use the Pacific Exchange Rate database (fx.sauder.ubc.ca)’s Database Retrieval to find the exchange rates of euro, Chinese yuan, Singapore dollar, Swedish krona, India rupee, Vietnam dong, Croatian kuna, Brazilian real on September 2, 2015 and September 4, 2018 (use USD as the base currency).

Calculate the percentage change of each currency and discuss whether it has depreciated or appreciated. Calculate the tuition costs at the old and new exchange rates for each currency and how much the tuition cost in that currency has increased or decreased in percentage change. Students from which country have been affected the most? Students from which country have been affected the least?

Answer 1

Currency	2-Sep-15	4-Sep-18	% change	Comments	Tuition cost 2015	Tuition cost 2018	% change
Euro	0.88965	0.86462	-2.81%	Appreciates	39144.6	38043.28	-2.81%
Yuan	6.3567	6.8442	7.67%	Depreciates	279694.8	301144.8	7.67%
Singapore dollar	1.4168	1.3764	-2.85%	Appreciates	62339.2	60561.6	-2.85%
Swedish krona	8.4247	9.1162	8.21%	Depreciates	370686.8	401112.8	8.21%
Indian rupee	66.191	71.602	8.17%	Depreciates	2912404	3150488	8.17%
Vietnam dong	22561	23126	2.50%	Depreciates	992684000	1017544000	2.50%
Croatian kuna	6.7193	6.4486	-4.03%	Appreciates	295649.2	283738.4	-4.03%
Brazilian real	3.7401	4.1623	11.29%	Depreciates	164564.4	183141.2	11.29%

Students from Brazil are affected the most due to highest change and students from Vietnam are least affected due to least change.

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