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Determining the original us dollar value of the turkish lira

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Reference no: EM132803319

Between January 1, 2018, and August 14, 2018, the Turkish lira tumbled dramatically from TL3.786/USD to TL6.955/USD.

- What was the original U.S. dollar value of the Turkish lira?

- What is the new U.S. dollar value of the Turkish lira?

- By what percentage has the Turkish lira devalued (revalued) relative to the U.S. dollar?

- By what percentage has the U.S. dollar appreciated (depreciated) relative to the Turkish lira?

Reference no: EM132803319

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