Exchange rate relationships between the U.S. dollar and the euro have been quite volatile. When the euro

Question:

Exchange rate relationships between the U.S. dollar and the euro have been quite volatile. When the euro began trading at the beginning of 1999, it was valued at 1.17 U.S. dollars. By late-2000, a euro was worth only $.83 and peaked at $1.60 in mid-2008. Calculate the percentage changes in the value of a euro from its initial value to its late-2000 value and to its high mid-2008 value.

Exchange Rate
The value of one currency for the purpose of conversion to another. Exchange Rate means on any day, for purposes of determining the Dollar Equivalent of any currency other than Dollars, the rate at which such currency may be exchanged into Dollars...