On July 8th, the Swiss franc was $1.06572, but was $1.05440 a month prior.

Are these direct or indirect quotes?
By how much did the Swiss franc (CHF) appreciate or depreciate against the U.S. dollar (USD) over this period?
By how much did the USD appreciate or depreciate against the CHF over this period?

Solutions

Expert Solution

1. Swiss franc has APPRECIATED in respect to dollar as it can buy more dollars.

2. Rate of appreciation= (1.06572-1.05440)/1.05= 1.07359%

3. Rate of depreciation of United State dollar= (.9484-.9383)/.9484=1.061445%

jeff jeffy answered 1 year ago

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