A research report produced by a dealer includes the following exchange rates:
Spot Rate
Expected Spot Rate in One Year
USD/EUR
1.3960
1.3860
USD/CAD
1.0110
1.0300
EUR/GBP
1.2850
1.2790
The expected appreciation (%) of the Canadian dollar (CAD) relative to the British pound (GBP) is closest to:
A –3.00
B 3.09.
C 0.70.
算出来是A，到底是CAD/GBP还是GBP/CAD，我分辨不出来
