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What was the original US dollar value of the Zim dollar

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Reference no: EM132974005

On August 8, 2000, Zimbabwe changed the value of the Zim dollar from Z$38/U.S.$ to Z$50/U.S.$.

Problem a. What was the original U.S. dollar value of the Zim dollar? What is the new U.S. dollar value of the Zim dollar?

Problem b. By what percent has the Zim dollar devalued (revalued) relative to the U.S. dollar?

Problem c. By what percent has the U.S. dollar appreciated (depreciated) relative to the Zim dollar?

Reference no: EM132974005

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