Chapter 1.3, Problem 1TU

TEST YOUR UNDERSTANDING | FOR EXAMPLE 1.5

From $2000$ through $2011$, what was the lowest value the euro attained? When did that happen?

EXAMPLE 1.5 CURRENCY EXCHANGE

Figure $1.11$ shows the value $E=E\left(d\right)$, in U.S. dollars, of the euro as a function of the date $d$. We have added grid lines to the graph to aid in reading function values from the graph.

Part 1 Explain the meaning of F(2003) and estimate its value.

Part 2 From 2000 through 2011, what was the largest value the euro attained? When did that happen?

Part 3 What was the average yearly increase in the value of the euro from 2006 to 2009?

Part 4 During which one-year period was the graph increasing most rapidly?

Part 5 As an American investor, would you have made money if you bought euros in 2002 and sold them in 2008?