汇率

问题如下：

Question

Given the current and anticipated exchange rates in a year as shown before, which currency is expected to appreciate the most based on this data?

选项：

A.The British pound against the US dollar by 4.00% B.The US dollar against the euro by 3.37% C.The euro against the US dollar by 5.93%

解释：

Solution

In the USD/EUR exchange rate quotation, the US dollar is the price currency and the Euro is the base currency. The dollar is expected to rise to 1.43 against the euro from 1.35. This represents a 5.93% appreciation of the euro against the dollar, i.e. (1.43/1.35) -1 = +5.93% percentage change.

The Foreign Exchange Market and Capital Flows

• describe the foreign exchange market, including its functions and participants, distinguish between nominal and real exchange rates, and calculate and interpret the percentage change in a currency relative to another currency

在美元/欧元汇率报价中，美元为价格货币，欧元为基准货币。美元兑欧元汇率预计将从1.35升至1.43。这表示欧元对美元升值5.93%，即(1.43/1.35)-1 = +5.93%的百分比变化。