What is an appreciation of the dollar relative to the pound

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1. If the direct euro price of the British pound is higher than the indirect euro price of the British pound using the dollar as a vehicle currency, how could you make a profit by trading these currencies?

2. What is an appreciation of the dollar relative to the pound? What happens to the dollar price of the pound in this situation?

3. What is a depreciation of the Thai baht relative to the Malaysian ringgit? What happens to the baht price of the ringgit in this situation?

Reference no: EM13897471

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