This was a depreciation. One way of reasoning this change in common terms is - The 'price' of Bolivar in USD terms went down. Initially, one used to pay 778 Bs for 1 $ but after few weeks, the rate 1025 Bs for each $. When the prices increase, the currency depreciates
Appreciation of USD= | =(1025-778)/778 |
31.75% | |
Depreciation of Bs= | =((1/1025)-(1/778))/(1/778) |
-24.10% |
Venezuelan Bolivar (A). The Venezuelan govemment officially floated the Venezuelan bolivar (Bs) in February 2002. Within...
Venezuelan Bolivar (B). The Venezuelan government officially floated the Venezuelan bolivar (Bs) in February 2002. Within weeks, its value had moved from the pre-float fox of Bs 782/5 to Bs 1,021/5. The Venezuelan political and economic crisis deepened in late 2002 and early 2003. On January 1, 2003, the bolivar was trading at Bs 1,404/5 By February 1, its value had fallen to Bs 1,947/5. Many currency analysts and forecasters were predicting that the bolivar would fall an additional 38%...
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Venezuelan Bolivar (B). The Venezuelan government officially floated the Venezuelan bolivar (Bs) in February 2002. Within weeks, its value had moved from the pre-float fix of B7I toB1 0231s. The Venezuelan political and economic crisis deepened in late 2002 and early 2003. On January 1, 2003, the bolivar was trading at Bs1,396 /5. By February 1, its value had fallen to Be1,950/S. Many currency analysts and forecasters were predicting that the bolivar would fall an...
Peso Changes. In December 1994, the government of Mexico officially changed the value of the Mexican peso from 3.163.16 pesos per dollar to 5.475.47 pesos per dollar. What was the percentage change in its value? Was this a depreciation, devaluation, appreciation, or revaluation? Explain. What was the percentage change in its value? 1. The percentage change in peso value is (%). (Round to two decimal places.) Was this a depreciation, devaluation, appreciation, or revaluation? Explain. (Select all the choices that...
Mexico's Cada Seis Años. Mexico was famous-or infamous-for many years in having two things every six years (cada seis años in Spanish): a presidential election and a currency devaluation. This was the case in 1976, 1982, 1988, and in 1994. In its last devaluation on December 20, 1994, the value of the Mexican peso (Ps) was officially changed from Ps3.27/$ to Ps5.46/S. What was the percentage devaluation? What was the percentage devaluation? Round to two decimal places. A negative change...
Volkswagen's Hedging Strategy
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CASE 1-5 Financial Statement Ratio Computation Refer to Campbell Soup Company's financial Campbell Soup statements in Appendix A. Required: Compute the following ratios for Year 11. Liquidity ratios: Asset utilization ratios:* a. Current ratio n. Cash turnover b. Acid-test ratio 0. Accounts receivable turnover c. Days to sell inventory p. Inventory turnover d. Collection period 4. Working capital turnover Capital structure and solvency ratios: 1. Fixed assets turnover e. Total debt to total equity s. Total assets turnover f. Long-term...
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Budgetary Policy and Economic Growth Errol D'Souza The share of capital expenditures in government expenditures has been slipping and the tax reforms have not yet improved the income...
4. Perform a SWOT analysis for Fitbit. Based on your
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