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On February 1, 2019 exchange rates were 1.1474 $/euro, 1.3094$/pound, and 0.9940 Swissfrancs per $. On February 3, 2020, the exchange rates were1.1062 $/euro, 1.3006 $/pound, and0.9655 Swiss francs per $. From the perspective of a U.S.investor, how much did each foreigncurrency appreciate or depreciate over the past year, inpercentage terms?What are the euro/pound cross rates in the previous problem? Hasthe pound appreciated ordepreciated against the euro over the past year? By about whatpercentage?
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