Calculate the depreciation rate of AUD against the dollar in the period July-December 2019. Select a day
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Question:
Calculate the depreciation rate of AUD against the dollar in the period July-December 2019. Select a day of the first and last week of the period to find the exchange rate of that day. Working with American or direct terms, present the calculation and write what has happened to the dollar in that period: the dollar has _________________ (depreciated or appreciated) _____% in the period.
Includes the exchange rate on the date
If you obtain in your calculation a negative percentage is an appreciation of the dollar while a positive percentage is a depreciation of the dollar.
Related Book For
Finance Applications and Theory
ISBN: 978-0077861681
3rd edition
Authors: Marcia Cornett, Troy Adair
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