Question

In: Finance

1. For the five currencies below (£, C$, €, peso, ¥), calculate the percentage change in...

1. For the five currencies below (£, C$, €, peso, ¥), calculate the percentage change in the rates in the green area below.

£ C$ € Peso ¥ £ C$ € Peso ¥
2-Jan-19 1.25980 0.73578 1.13570 0.05100 0.00916
3-Jan-19 1.26330 0.74162 1.13990 0.05100 0.00925
4-Jan-19 1.27400 0.74632 1.14100 0.05144 0.00923
7-Jan-19 1.27570 0.75205 1.14680 0.05178 0.00921
8-Jan-19 1.27240 0.75148 1.14440 0.05167 0.00921
9-Jan-19 1.27640 0.75689 1.15240 0.05200 0.00923
10-Jan-19 1.27680 0.75574 1.15170 0.05219 0.00923
11-Jan-19 1.28360 0.75438 1.14790 0.05230 0.00923
15-Jan-19 1.27610 0.75347 1.13920 0.05248 0.00920

Solutions

Expert Solution

We need to find the percentage change in each currency as compared to previous day close.

Formula = ((Price today / Price previous day )-1) * 100

jeff jeffy answered 1 year ago
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