menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    International Finance
  4. Exam
    Exam 2: The Foreign Exchange Market
  5. Question
    In 2002, the AUD/USD Exchange Rate Fell from 1
Solved

In 2002, the AUD/USD Exchange Rate Fell from 1

Question 26

Question 26

Multiple Choice

In 2002, the AUD/USD exchange rate fell from 1.9585 to 1.7662. Calculate the percentage change in the Australian dollar against the U.S. dollar.


A) -9.82%
B) +9.82%
C) +10.89%
D) -10.89%

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q21: Calculate the USD/AUD 3-months forward spread in

Q22: Calculate the EUR/AUD cross OFFER rate. You

Q23: 'Reciprocity' in the foreign exchange market refers

Q24: The substantial growth in the daily turnover

Q25: An 'exotic' currency is a currency:<br>A) which

Q27: In order of importance, the following were

Q28: A price taker in the foreign exchange

Q29: If the exchange rate between the Australian

Q30: Dealer A quotes 1.7652/1.7672 for the AUD/USD

Q31: A 'misquote' arises when a dealer:<br>A) quotes

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines