# Question: At the end of 2006 an expert economist from the

At the end of 2006 an expert economist from the Global Economic Institute in Kiel, Germany, predicted a drop in the value of the dollar against the euro of 10% over the next 5 years. If the exchange rate was $1.27 to 1 euro on November 5, 2006, and was $1.45 to 1 euro on November 5, 2007, what was the actual drop in the value of the dollar over the first year?

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