A year ago the euro was trading for 1357 usd per euro today, Ask an Expert

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A year ago the Euro was trading for 1.357 USD per Euro. Today the Euro is trading at 1.125 USD per Euro. if a German investor bought an ounce of gold a year ago for $1300 and sold it today for $1200 how many Euros would he have today? Did the change in the exchange rate hurt or help the investor?

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Financial Management, Finance

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