Practice Quiz

Case Interview Prep

Category - Economics

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Given the strength of the economy and a particularly strong performance of banks, the Canadian dollar’s value has risen from $0.90 to $0.98 US dollars. What is the Canadian dollar appreciation value?
  1. 9.88%
  2. 8.89%
  3. 1.89%
  4. 1.98%
Explanation
Answer: B - The Canadian dollar appreciation value is 8.89%.

Key Takeaway: To calculate currency appreciation, the following formula is used:
Currency appreciation = (new currency value - old currency value)/old currency value
= (0.98-0.90)/0.90 * 100%
= 8.89%
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