Question

LLULL. HILL 4. Based on the exchange rates for the trading days of 2016 and 2017 shown in the accompanying table, did the U.S. dollar appreciate or depreciate over the year? Did the movement in the value of the U.S. dollar make American goods and services more or less attractive to foreigners? April 1, 2016 April 1, 2017 US$1.42 to buy 1 British US$1.25 to buy 1 British pound sterling pound sterling 32.26 Taiwan dollars to 30.40 Taiwan dollars to buy US$1 buy US$1 US$0.77 to buy 1 US$0.75 to buy 1 Canadian dollar Canadian dollar 112.09 Japanese yen to 111.39 Japanese yen to buy US$1 buy US$1 US$1.14 to buy 1 euro US$1.07 to buy 1 euro 0.96 Swiss franc to 1.00 Swiss franc to buy US$1 buy US$1

Answer 1

LLLLLLLL Ansurer * us. dollaid has appreciated with despect to British pound sterling, Caudian dollad, Eudo and Sciss franc - while it has depocciated madginally with respect to Taiwan dollar and Sapanese yeni * since, us dollar has apporciated significantly against major currencies, the American goods & services have become expensive and.. . * so less atractive to fos foreigncts. . Appreciation of os dollar leads to more amount of local cuddincy and so products & service es costly to importets.