Question 1 - Topic: Foreign Exchange Market (10 marks) The exchange rate between Fiji dollar and the New Zealand dollar (FJD/NZD) rose from 1.3900 (Mar 3, 2020) to 1.3960 (Mar 4, 2020). a) Calculate the percentage appreciation or depreciation of the New Zealand dollar [2 marks] b) Using the result obtained in (a), calculate the percentage appreciation or depreciation of Fiji dollar. [2 marks] c) Calculate or quote the corresponding values in terms of NZD/FJD. [2 marks] d) Using the results obtained in (c), calculate percentage appreciation or depreciation of the FJD. [2 marks] e) Using the results obtained in (d), calculate the percentage appreciation or depreciation of the New Zealand dollar. [2 marks]