percentange change of exchange rate

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January 25, 2017 at 12:02 pm #369455
sajida
Member
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heloo sir!
can you please assist on determining percentage change on exchange rate basing on information given below?
The exchange rate between the Ceeland Dollar (C$) and the Veeland Dollar (V$) is predicted to change at the
beginning of Q2 to C$1·00 buys V$1·50. For several years up to the end of Q1, C$1·00 has been equivalent to
V$1·40 and this exchange rate has been used when producing the current year budget.
January 27, 2017 at 3:05 pm #369954
Ken Garrett
Keymaster
- Topics: 10
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If 1 to 1.40 changes to 1 to 1.50 V$ on measure of the change is that the V$ has become 0.1/1.40 weaker ie 7% weaker.
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