Determine franc appreciated or depreciated against dollar

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Reference no: EM1367361

1. Assume the value of the French Franc in terms of dollar is 50 on October 12 , and 44 on October 17. By how much has the Franc appreciated or depreciated against the dollar? Choose: Appreciation or Depreciation. By what percentage?

2. Suppose the Value of French Franc in terms of the dollar is 40 on October 12 and 45 on October 17. By how much has the Franc appreciated or depreciated against the dollar? Choose: Appreciation or Depreciation. By what percentage?

Reference no: EM1367361

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