Question: 9. Exchange rate changes5 pong Please refer to Table 1 of the datafile. If the mid-rates change to EUR/USD 1.0593 and GBP/EUR 1.1808 respectively, then

9. Exchange rate changes5 pong

Please refer to Table 1 of the datafile. If the mid-rates change to EUR/USD 1.0593 and GBP/EUR 1.1808 respectively, then the GBP would _________ against USD by ____?

depreciate; 5.9%

appreciate; 5.9%

depreciate; 2.0%

appreciate; 2.0%


	bid	ask	mid
EUR/USD	1,0992	1,0996
GBP/EUR	1,1146	1,1152

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