TIPS FOR READING AN EXCHANGE RATE CHART: Read down the chart. For example, in column 1 it says the US Dollar is equal to each of the currencies below it. Therefore $1 = .76 or $1 = .89 .

Exchange Rate Table for Month 1
	US Dollar $1 =	British Pound 1 =	Chinese Yuan 1 Y =	Japanese Yen 1 =	Euro 1
US Dollar	---	1.32	.16	.0088	1.13
British Pound	.76	---	.12	.0067	.85
Chinese Yuan	6.37	8.46	---	.056	7.21
Japanese Yen	113.04	149.55	17.75	---	127.55
Euro	.89	1.17	.14	.0078	---

Exchange Rate Table for Month 2
	US Dollar $1 =	British Pound 1 =	Chinese Yuan 1 Y =	Japanese Yen 1 =	Euro 1
US Dollar	---	1.40	.20	.0080	1.17
British Pound	.70	---	.11	.0065	.89
Chinese Yuan	6.20	8.72	---	.062	7.59
Japanese Yen	116.24	146.89	16.32	---	117.2
Euro	.92	1.11	.15	.0078	---

A currency depreciates (or gets weaker) if it buys less of a foreign currency than it did before. The US dollar depreciated against what currency(s) from month 1 to month 2? Explain using numbers from the chart above.