View the data below for the exchange rate between the US dollar and the Japanese yen. How many yen could you get per dollar at the earliest date shown on the chart? Explain. How many yen could you get per dollar at the most recent date shown on the chart? Explain. Has the dollar appreciated or depreciated in value over time? Explain.

View the data below for the exchange rate between the US dollar and the Japanese yen. How many yen could you get per dollar at the earliest date shown on the chart? Explain. How many yen could you get per dollar at the most recent date shown on the chart? Explain. Has the dollar appreciated or depreciated in value over time? Explain.

Macroeconomics

13th Edition

ISBN:9781337617390

Author:Roger A. Arnold

Publisher:Roger A. Arnold

Chapter22: International Finance

Section22.2: Flexible Exchange Rate

Problem 2ST

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IN US$ PER US$ FRI THURS FRI THURS Americas Argentina 0.0172 0.0172 58.278 58.2427 peso Brazil real 0.2431 0.2401 4.1127 4.1655 Canada dollar 0.7619 0.7612 1.3126 1.3138 Chile peso 0.001407 0.001404 710.7 712 The above table shows U.S.-dollar foreign-exchange rates in New York trading (Oct. 19, 2019). Source: Wall Street Journal. Which currency depreciated from Thursday to Friday? Which currency appreciated?
K Using the currency cross rate table, convert US$298.00 to Canadian dollars. Canadian U.S. Euro Japanese British Australian dollar dollar pound dollar yen 1.5928 0.0126 2.2608 0.9087 1.1604 0.0082 1.6607 0.6667 0.0085 1.4309 0.5737 197.98 80.52 0.3923 Canadian dollar U.S. dollar Euro Japanese yen British pound Australian dollar 1.3899 0.7195 0.6278 0.8618 79.37 121.95 117.65 0.4423 0.6022 0.6989 0.0051 1.1005 1.4999 US$298.00 will purchase C$. (Round to the nearest cent as needed.) 1.7431 0.0124 2.5491 www
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