Exchange rate between the euro and the dollar

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Reference no: EM131447053

1. If the exchange rate between the Euro and the Dollar was 0.68 EUR/USD on January 20, 2008 and it is 0.94 EUR/USD on January 20, 2017 did the Euro appreciate or depreciate? Did the US dollar appreciate or depreciate?

2. Under the classical gold standard, if one ounce of gold was equivalent to 20.67 USD and 4.87 GBP then what was the USD/GBP exchange rate?

The exchange rate would be 4.24 USD/GBP

3- If I had 35 USD, I could exchange that for how many GBP during that time?

35 USD = 8.25 GBP

show me the solution( how to get the numbers)

Reference no: EM131447053

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