Question

A. The Mexican peso depreciated 50% against the US dollar. How much would the peso now have to appreciate to get back to its original level? B. The Dollar to Brazilian Real exchange rate moved from 3

Answer 1

An exchange rate measures the price of one currency in terms of another. If a currency appreciates, less of it is needed to buy one unit of the other currency. If a currency depreciates, more of it is needed to buy one unit of the other currency.

Answer 2

Answer:

An exchange rate measures the price of one currency in terms of another. If a currency appreciates, less of it is needed to buy one unit of the other currency. If a currency depreciates, more of it is needed to buy one unit of the other currency.

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