Question: PLS ANSWER BOTH IF YOU CAN IF NOT THEN ONLY #3 2) The Swiss Franc (CHF) went from USD 1.018 per CHF to USD 0.9787

PLS ANSWER BOTH IF YOU CAN IF NOT THEN ONLY #3

2) The Swiss Franc (CHF) went from USD 1.018 per CHF to USD 0.9787 per CHF in a year. a) What was the appreciation (or depreciation) of the CHF relative to the USD over the year? (Hint: calculate the % change in the USD-value of the CHF over the year) b) What was the appreciation (or depreciation of the USD relative to the CHF over the year? (Hint: calculate the % change in the CHF-value of the USD over the year). 3) Suppose the current exchange for the CHF is USD 0.9787 per CHF. You forecast the USD is going to appreciate by 15% relative to the CHF in one month. What will be the USD/CHF exchange rate in a month if your forecast is correct

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