Based on the exchange rates for the trading days of 2016 and 2017, as shown in the accompanying table, did the Canadian dollar appreciate or depreciate over the year? Did the movement in the value of the Canadian dollar make Canadian goods and services more or less attractive to foreigners?

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April 1, 2016 C$1.85 to buy 1 British pound sterling 24.73 Taiwan dollars to buy C$1 US$0.77 to buy 1 Canadian dollar 85.91 Japanese yen to buy C$1 C$1.49 to buy 1 euro 0.74 Swiss franc to buy C$1 April 1, 2017 C$1.67 to buy 1 British pound sterling 22.82 Taiwan dollars to buy US$1 US$0.75 to buy 1 Canadian dollar 83.61 Japanese yen to buy C$1 C$1.43 to buy 1 euro 0.75 Swiss franc to buy C$1