Calculate Percent Change Assume the the British Pound U.S. Dollar exchange rate changes from £1.6566/$ to...

Question

Question

Answer 1

Answer #1

Answer : + 11.81%

Percentage Change in the US Dollar

Change in Excahnge rate = - Pound 1.8522-Pound 1.6566

= + 0.1956

Percentage Change During the Period = + .1956 / 1.6566 = 11.81 %

Percentage Change in Dollar = + 11.81%

Answer 2

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