Question: Question 2 4 points Save Ans The current exchange rate between the U.S. dollar and the British pound is USD1.20/GBP. If the U.S. dollar appreciated

Question 2 4 points Save Ans The current exchange rate between the U.S. dollar and the British pound is USD1.20/GBP. If the U.S. dollar appreciated 8.33% over the last year, what was the exchange rate a year ago? Formulas 4 1 Ending Rate - Begining Rate Percentage change in the pound spot rate = Begining Rate Where the pound is the currency in the denominator (e.g. USD1.54/GBP) 2 X 100 Begining Rate -Ending Rate Percentage change in the yen spot rate = Ending Rate Where the yen is the currency in the numerator (e.g. JPY114/USD)

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