Post a New Question

economics

posted by .

The U.S.-dollar-per-euro exchange rate was 0.8703 on Monday and 0.8807 on Tuesday. Did the euro depreciate or appreciate relative to the dollar? How much in percent did it appreciate or depreciate?

  • economics -

    Think it through.
    On Monday, one dollar could buy .8703 euros. On Tuesday it could by .8807. The dollar could buy more euros -- the value of the dollar went up. .8807/.8703= about a 1%+ increase

Respond to this Question

First Name
School Subject
Your Answer

Similar Questions

  1. economics

    Okay might be a studpid question, but I am asking anyway: the question goes like: A US dollar costs 7.5 Norweigian kr, but at the same dollar can be purchased for 1.25 Swiss francs. What is the Norweigian Kr/Swiss franc exchange?
  2. business

    Look at the relative performance of the euro against the dollar since 2000. What does this tell you, if anything, about the viability if the euro?
  3. Economcis

    I need some help on the following question, thanks. e = euros Suppose quotes for the dollar-euro exchange rate, E$/e, are as follows: in New York $1.50 per euro, and in Tokyo $1.55 per euro. Describe how investors use arbitrage to …
  4. W.

    Is it true that if, for example, Euro's purchasing power is bigger than Dollar's if the exchange rate of dollars/euros is greater than 1 ?
  5. Economics Questions.

    I am not quite sure about the following questions, is it True or False for each of the following?
  6. math

    Italian Currency: Euro Currency exchange: 1.42 us dollars to 1 Euro If a product costs 4.00 in the US, then how much will it cost in Euro's?
  7. business

    In current times, Europe is growing faster then US economy. How will this effect the supply/demand in the foreign currency exchange rate for dollar/Euro?
  8. Economics

    The nominal interest rate is 12 percent per year in Canada and 8 percent per year in the United States. Suppose that the real interest rates are equalized in the two countries and that purchasing-power parity holds. What can you infer …
  9. fin 300

    4. Assume that bank has assets located in Germany worth €150 million earning an average of 8 percent. It also holds €100 in liabilities and pays an average of 6 percent per year. The current sot rate is €1.50 for $1. If the exchange …
  10. MathematicalModels

    The price of a US stock is given by dS(t)/S(t)=μdt+σdW1(t) The exchange rate Dollar/Euro is given by dQ(t)/Q(t)=βdt+δdW2(t) where W1 has correlation ρ with W2. >> (i) Select the Brownian motions W∗1 …

More Similar Questions

Post a New Question