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?
|Currency||2-Sep-15||4-Sep-18||% change||Comments||Tuition cost 2015||Tuition cost 2018||% change|
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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