according to cnn (2016/06/24), the British pound (GBP) crashed to its lowest level as low 1.32/GBP. The exchange rate on June 23rd 2016 was $1.4883/GBP
a)by what % has the Gbp appreciated or depreciated against the dollar during this period?
b)bu what % the US dollar appreciate or depreciate it against the GB the u.s. dollar appreciate or depreciate it against the GBP during this period?
c) if the dollar experienced in appreciation of 15% from June 23rd 201 if the dollar experienced an appreciation of 15% from June 23rd 2016 to the end of 2016 what would the exchange rate be at the end of 2016
d) from th from the Jun from the June 2016 to mid-Decembe from the June 2016 to mid Decembe from June 2016 to mid December 2016 if the GBP fell 25% against the US dollar by how much percentage did the u.s. dollar appreciate against the GBP over that six months.
a) To determine the percentage by which GBP has appreciated or depreciated against the dollar, you need to calculate the difference between the exchange rates and then divide it by the initial exchange rate. The formula is:
Percentage change = (Final value - Initial value) / Initial value * 100
Using this formula, let's calculate the percentage change:
Percentage change = (1.32 - 1.4883) / 1.4883 * 100
b) Similar to the previous question, to calculate the percentage change of the USD against GBP, you need to use the formula:
Percentage change = (Final value - Initial value) / Initial value * 100
However, here the initial value is the GBP exchange rate on June 23rd, 2016, which is $1.4883.
Percentage change = ($1.4883 - $1.32) / $1.4883 * 100
c) If the dollar experienced an appreciation of 15% from June 23rd, 2016, to the end of 2016, you can calculate the new exchange rate by multiplying the initial exchange rate by the appreciation percentage:
New exchange rate = Initial exchange rate * (1 + Appreciation percentage)
In this case, the initial exchange rate is $1.4883, and the appreciation percentage is 15% (or 0.15). Let's calculate the new exchange rate:
New exchange rate = $1.4883 * (1 + 0.15)
d) To determine the appreciation of the USD against the GBP over the period from June 2016 to mid-December 2016, you can use the formula:
Percentage change = (Final value - Initial value) / Initial value * 100
In this case, the initial value is the GBP exchange rate in June 2016, and the final value is the change after a 25% fall.
Percentage change = (Initial value - Final value) / Initial value * 100
Note: Please provide the specific date in mid-December for a more accurate calculation.
a) To calculate the percentage by which the GBP has appreciated or depreciated against the dollar during this period, we need to compare the exchange rates on June 23rd and June 24th.
Appreciation/Depreciation = [(New Rate - Old Rate) / Old Rate] * 100
Old Rate = $1.4883/GBP
New Rate = $1.32/GBP
Appreciation/Depreciation = [($1.32 - $1.4883) / $1.4883] * 100
b) To calculate the percentage by which the US dollar has appreciated or depreciated against the GBP during this period, we need to compare the exchange rates on June 23rd and June 24th.
Appreciation/Depreciation = [(New Rate - Old Rate) / Old Rate] * 100
Old Rate = $1.4883/GBP
New Rate = $1.32/GBP
Appreciation/Depreciation = [($1.4883 - $1.32) / $1.32] * 100
c) To calculate the exchange rate at the end of 2016 if the dollar experienced an appreciation of 15% from June 23rd to the end of the year, we can use the following formula:
New Exchange Rate = Old Exchange Rate + (Old Exchange Rate * Appreciation Percentage)
Old Exchange Rate = $1.4883/GBP
Appreciation Percentage = 15%
New Exchange Rate = $1.4883 + ($1.4883 * 0.15)
d) To calculate the percentage by which the US dollar appreciated against the GBP from June 2016 to mid-December 2016, we need the percentage change in GBP.
Percentage Change = [(New Value - Old Value) / Old Value] * 100
Old Value = $1.4883/GBP
New Value = ($1.32/GBP - $1.4883/GBP) * 0.75 (25% decrease is equivalent to 75% of the original value)
Percentage Change = [(($1.32 - $1.4883) / $1.4883) * 0.75] * 100