Question: Question 1 - Topic: Foreign Exchange Market The exchange rate between Fiji dollar and the New Zealand dollar (FJD/NZD) rose from 1.3900 (Mar 3, 2020)

Question 1 - Topic: Foreign Exchange Market

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

b)Using the result obtained in (a), calculate the percentage appreciation or depreciation of Fiji dollar.

c)Calculate or quote the corresponding values in terms of NZD/FJD.

d)Using the results obtained in (c), calculate percentage appreciation or depreciation of the FJD.

e)Using the results obtained in (d), calculate the percentage appreciation or depreciation of the New Zealand dollar.

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