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What was the percent change in the TT

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Reference no: EM133172452

Question - In January 2019 the exchange rate between the U.S. dollar and the Trinidad and Tobago dollar (TT$) was $1 = TT$0.4522. In December 2019, the exchange rate was $1 = TT$0.6375.

a. How much did the TT$ change in percentage terms relative to the U.S. dollar? That is, if you hold US dollars, what was the percent change in the TT$?

b. Suppose in part (a), the December 2019 the exchange rate ended at TT$1 = $1.7316. What was the percentage change of the US$ in terms of the TT$?

Reference no: EM133172452

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