Schweser Practice Exam: CAD/USD exchange rates 2007 1.44 2008 1.35 Because of the exchange rate change, sales in 2008 translated to Canadian dollars would be: A. lower cos USD depreciated B. higher because CAD depreciated C. lower because USD appreciated
Crap, nevermind that. I was going crazy. I mixed it up with the CAD:USD notation
A assuming cad appreciating being usd depreciating.
dont think so
the answer didnt say that it was appreciating, did it? i hate when i question the answers to these practice exams.