Solution-What was the percentage change in january

What was the percentage change in january

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Reference no: EM131676514

Question: Venezuelan Bolivar (B). The Venezuelan political and economic crisis deepened in late 2002 and early 2003. On January 1, 2003, the bolivar was trading at Bs1400/$. By February 1, its value had fallen to Bs1950/$. Many currency analysts and forecasters were predicting that the bolivar would fall an additional 40% from its February 1 value by early summer 2003.

a. What was the percentage change in January?

b. What is the forecast value for June 2003?

Reference no: EM131676514

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What was the percentage change in january

Reference no: EM131676514

Reference no: EM131676514

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