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percentange change of exchange rate

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA APM Exams › percentange change of exchange rate

  • This topic has 1 reply, 2 voices, and was last updated 9 years ago by Ken Garrett.
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  • January 25, 2017 at 12:02 pm #369455
    sajida
    Member
    • Topics: 1
    • Replies: 3
    • ☆

    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
    • Replies: 10648
    • ☆☆☆☆☆

    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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