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466-566-P12020(2) - Protected View - Saved to this PC 18109361685 X File Home Insert Draw Design Layout References Mailings Review View Help Tell me what you want to do Share Comments Please prepare according to the "Problem Set Guidelines" in the "Course Documents" section, and submit your solutions in the Assignments section of Blackboard by Sunday, January 19 at 11:59 p.m. There is a 3-point per day penalty for late assignments. Show all work (calculations, formulas, calculator keystrokes, steps, etc.) to support each of your final answers, label all numbers with appropriate units, and quote all ex-rates to 4 decimal places with both currencies (e.g., $1.4924/f or #86.2357/$). Please do not reverse/invert any of the ex-rate quotes, use the ex-rates below exactly as given. December 2018 December 2019 a. $1.3066/f $1.2369/f (British pound) b. V112.9725/$ #108.3380/$ (Japanese Yen) C. MXN21.0972/$ MXN19.3193/$ (Mexican peso) d. $1.1380/E $1.1051/E (Euro) 1. (2 points) Given the ex-rates above, calculate and report the percentage change in the ex-rate over the last year from December 2018 to December 2019 (you can use the %CHG function on your HP-10B calculator); and report the percentage change to two decimal places, e.g. 3.23%, but SHOW ALL WORK). For each currency separately, clearly explain in words (essay) whether the U.S. dollar appreciated or depreciated against each of the four currencies over the last year, using the two ex-rates above for each currency (do not change or reverse the quoted exchange rate). In your answer, please provide details beyond a mechanical explanation like "the ex-rate increased/decreased, so the dollar appreciated (depreciated)," and instead explain why the U.S. dollar depreciated or appreciated over the year, e.g., because it took more or fewer dollars to buy 1 unit of a foreign currency and that's why the dollar appreciated or depreciated, or 1 dollar purchased more or fewer foreign currency units and that explains why the dollar got stronger or weaker. Please show answers separately for each currency (a, b, c, and d), and do not combine answers. 2. (3 points) Use the ex-rate information above for this problem. Do not reverse any of the ex-rate quotes. Show all work a. Starting with $2 million (M), convert $2M into BPs (Es) at the December 2018 ex-rate, and then convert that amount of BPs back into dollars (USD) at the December 2019 ex-rate. b. Starting with $2M, convert $2M into Yen at the December 2018 ex-rate, and then convert that amount of Yen back into USDs at the December 2019 ex-rate. c. Starting with 2M pesos (MXN), convert MXN2M into USD ($) at the December 2018 ex-rate, and then convert that amount of USDs back into pesos at the December 2019 ex-rate d. Starting with E2M. convert E2M into USDs ($) at the December 2018 ex-rate, and then convert that amount of USDs back into Euros at the December 2019 ex-rate. Page 1 of 2 909 words + 100% O e 9 WE 2:26 AM 1/13/2020