TIPS FOR READING AN EXCHANGE RATE CHART: Read down the chart. For example, in column 1 it says the US Dollar is equal to each of the currencies below it. Therefore $1 = .76 £ or $1 = .89 €. Exchange Rate Table for Month 1 US Dollar $1 = British Pound 1 £ = Chinese Yuan 1 Y = Japanese Yen 1 ¥ = Euro 1€ US Dollar --- 1.32 .16 .0088 1.13 British Pound .76 --- .12 .0067 .85 Chinese Yuan 6.37 8.46 --- .056 7.21 Japanese Yen 113.04 149.55 17.75 --- 127.55 Euro .89 1.17 .14 .0078 --- Exchange Rate Table for Month 2 US Dollar $1 = British Pound 1 £ = Chinese Yuan 1 Y = Japanese Yen 1 ¥ = Euro 1€ US Dollar --- 1.40 .20 .0080 1.17 British Pound .70 --- .11 .0065 .89 Chinese Yuan 6.20 8.72 --- .062 7.59 Japanese Yen 116.24 146.89 16.32 --- 117.2 Euro .92 1.11 .15 .0078 --- A currency depreciates (or gets weaker) if it buys less of a foreign currency than it did before. The US dollar depreciated against what currency(s) from month 1 to month 2? Explain using numbers from the chart above.
TIPS FOR READING AN EXCHANGE RATE CHART: Read down the chart. For example, in column 1 it says the US Dollar is equal to each of the currencies below it. Therefore $1 = .76 £ or $1 = .89 €.
|
Exchange Rate Table for Month 1 |
|||||
|
|
US Dollar $1 = |
British Pound 1 £ = |
Chinese Yuan 1 Y = |
Japanese Yen 1 ¥ = |
Euro 1€ |
|
US Dollar |
--- |
1.32 |
.16 |
.0088 |
1.13 |
|
British Pound |
.76 |
--- |
.12 |
.0067 |
.85 |
|
Chinese Yuan |
6.37 |
8.46 |
--- |
.056 |
7.21 |
|
Japanese Yen |
113.04 |
149.55 |
17.75 |
--- |
127.55 |
|
Euro |
.89 |
1.17 |
.14 |
.0078 |
--- |
|
Exchange Rate Table for Month 2 |
|||||
|
|
US Dollar $1 = |
British Pound 1 £ = |
Chinese Yuan 1 Y = |
Japanese Yen 1 ¥ = |
Euro 1€ |
|
US Dollar |
--- |
1.40 |
.20 |
.0080 |
1.17 |
|
British Pound |
.70 |
--- |
.11 |
.0065 |
.89 |
|
Chinese Yuan |
6.20 |
8.72 |
--- |
.062 |
7.59 |
|
Japanese Yen |
116.24 |
146.89 |
16.32 |
--- |
117.2 |
|
Euro |
.92 |
1.11 |
.15 |
.0078 |
--- |
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