can you please do all work in steps on a paper if possible Exercises: The Foreign...

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can you please do all work in steps on a paper if possible

Exercises: The Foreign Exchange Market and Exchange Rate Determination EXERCISE 5 (Exchange rate determination) On July 2, 19

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Answer 1

Answer #1

As Thai Baht depreciated or fell by 17%, change in Thai Baht=-17%
Appreciation of Dollar=1/(1+% Change in Thai Baht)-1
=1/(1-17%)-1
=1/0.83-1
=20.48193%

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Answer 2

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