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Category > Business & Finance Posted 29 Jul 2017 My Price 8.00

The following table lists monthly foreign exchange

The following table lists monthly foreign exchange

rates between the U.S. dollar and the Canadian dollar (in $/US$) for 2008 (this is CANSIM II series V41589522).

January

1.011132

February

0.999086

March

1.002025

April

1.013886

May

0.999371

June

1.016733

July

1.012695

August

1.054395

September

1.058295

October

1.184750

November

1.218174

December

1.234500

a. Which month would have been the best month to convert Canadian dollars into U.S. dollars? Which month would have been the worst?

b. Did the Canadian dollar appreciate or depreciate in 2008?

c. What was the percentage appreciation or depreciation of the Canadian dollar?

d. If you convert the monthly observations into an annual observation (by taking the arithmetic average), how representative will the annual observation be

 

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Status NEW Posted 29 Jul 2017 03:07 PM My Price 8.00

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