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Suppose the Swiss franc revalued from USD0.9918/CHF at the beginning of 2016 to USD1.0279/CHF at then...

Suppose the Swiss franc revalued from USD0.9918/CHF at the beginning of 2016 to USD1.0279/CHF at then end of 2016. By what percent has the U.S. dollar appreciated or depreciated relative to the Swiss franc?

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Answer #1

United State dollars has appreciated in comparison to swiss Frank

By = (1.0279-.9918)/.9918

= 3.63%

Rate of appreciation of 3.63 percent in us dollars.

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