If the Exchange Rate Between the Australian Dollar and the British

Multiple Choice

If the exchange rate between the Australian dollar and the British pound (the price of the Australian dollar in terms of the pound) is currently 1.50, and is expected to be 1.80 in one year, then the expected rate of:

A) appreciation of the Australian dollar is 15%.
B) appreciation of the Australian dollar is 20%.
C) depreciation of the Australian dollar is 15%.
D) appreciation of the Australian dollar is 18%.
E) depreciation of the Australian dollar is 20%.