Suppose the Swiss franc revalued from USD0.9918/CHF at the beginning of 2016 to USD1.0279/CHF at then...
Suppose the Swiss franc revalued from USD0.9918/CHF at the beginning of 2016 to USD1.0279/CHF at then end of 2016. By what percent has the U.S. dollar appreciated or depreciated relative to the Swiss franc?
Homework Answers
United State dollars has appreciated in comparison to swiss Frank
By = (1.0279-.9918)/.9918
= 3.63%
Rate of appreciation of 3.63 percent in us dollars.
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