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If last years Euro/US$ rate was 0.6780 and the current rate is 0.7455, what is the change in currency (appreciation or depre
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Answer #1

answer is E NONE

there is an increase in exchange rate from previous year to current year therefore it is an apreciation of currency

appreciation in cuurency = (current rate - last year rate)/last year rate

=0.7455-0.6780/0.6780

=0.0675/0.6780

=9.96%

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