(Answered) The exchange rate between the uk pound and the australian

Management Studies

The exchange rate between the UK pound and the Australian dollar (GBP/AUD) rose from 0.3780 to 0.3960 in one week.

a) Calculate the percentage appreciation or depreciation of the Australian dollar.

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

c) Calculate the corresponding values of the AUD/GBP exchange rate.

d) Using the result obtained in (c) above, calculate the percentage appreciation or depreciation of the pound.

e)Using the result obtained in (d) above, calculate the percentage appreciation or depreciation of the Australian dollar.

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