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Assume a Turkish Lira (TRY) is worth 0.21 Australian Dollar (AUD). An Australian Dollar can be exchanged for 16400 Vietnamese Dong (VND). Last year, an Australian Dollar was valued at 4.85 Turkish Lira, and a VND was valued at 0.000062 AUD.
A. Calculate the cross exchange rate of TRY in VND for both years and state which currency has depreciated and which currency has appreciated.
B. If you bought 5000 Turkish Lira by exchanging Vietnamese Dong last year, how much profit or loss you will have in Vietnamese Dong if you sell all the Liras this year.
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