The COVID-19 pandemic is over, and you decide to celebrate by going on a vacation to Japan. The following quotes are provided by a Foreign Exchange (FX) dealer at the airport. BUY SELL YEN (Japan) 71 70 c) One year later, you are considering to move to Japan to pursue a career as a Pokemon trainer. You check the exchange rates quoted by the same FX dealer at the airport. To your surprise, the rates have dramatically changed. The following quotes are provided by a Foreign Exchange (FX) dealer at the airport. BUY SELL YEN(Japan) 0.65 0.64 What conclusions about the strength of the Australian dollar can be drawn from comparing the current exchange rates with one year ago? Will you receive more or less YEN if you exchanged the same amount of money as you did one year ago?
The COVID-19 pandemic is over, and you decide to celebrate by going on a vacation to Japan.
The following quotes are provided by a Foreign Exchange (FX) dealer at the airport.
|
|
BUY |
SELL |
|
YEN (Japan) |
71 |
70 |
c) One year later, you are considering to move to Japan to pursue a career as a Pokemon trainer. You check the exchange rates quoted by the same FX dealer at the airport. To your surprise, the rates have dramatically changed.
The following quotes are provided by a Foreign Exchange (FX) dealer at the airport.
|
|
BUY |
SELL |
|
YEN(Japan) |
0.65 |
0.64 |
What conclusions about the strength of the Australian dollar can be drawn from comparing the current exchange rates with one year ago? Will you receive more or less YEN if you exchanged the same amount of money as you did one year ago?
We have exchange rates between two currency for two different points in time. We have to see how one currency has strengthened against other over a period of 1 year.
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