Data from Bank of China: EYuan/(100 Other Currency) 货币名称( Currency)现钞买入价(se)现钞卖出价(Buy)发布日期(Date)发布时间(Time) 澳大利亚元 536.69 557.67 2014-03-09 10:30:00 加拿大元 533.25 554.66 2014-03-09 10:30:00 瑞士法郎 673.29 700.32 2014-0309 10:30:00 丹麦克朗 10994 114.36 2014-03-09 10:30:0 欧元(Euro) 85343 10:30:00 英镑( Pound) 988.51 1028.2 2014-03-0 10:30:00 港币(HK$) 78.13 2014-03-09 10:30:00 0.0519 0.0557 2014-03-09 10:30:00 日元Yen) 5.7274 5.9513 2014-03-09 10:30:00 朝国元 0.5549 0.6017 2014-03-09 10:30:00 澳门元 79.28 2014-03-09 10:30:00 林吉特 2014-03-09 10:30:00 挪威克朗 102.74 2014-0309 10:30:00 523 2014-03-09 10:30:00 菲律宾比索 13.29 14.25 10:30:00 卢布 16.29 1745 2014-03-09 10:30:00 92.63 96.34 2014-03-09 10:30:00 484.71 2014-03-09 10:30:00 18.33 1965 2014-03-09 10:30:00 新台币 19.56 2014-03-09 10:30:00 613.73 2014-03-09 10:30:00 Copyright 2012 Pearson Education. All rights reserved 14-6
Copyright © 2012 Pearson Education. All rights reserved. Data from Bank of China: EYuan/(100 Other Currency) 14-6 货币名称(Currency) 现钞买入价(Sell) 现钞卖出价(Buy) 发布日期(Date) 发布时间(Time) 澳大利亚元 536.69 557.67 2014-03-09 10:30:00 加拿大元 533.25 554.66 2014-03-09 10:30:00 瑞士法郎 673.29 700.32 2014-03-09 10:30:00 丹麦克朗 109.94 114.36 2014-03-09 10:30:00 欧元(Euro) 820.49 853.43 2014-03-09 10:30:00 英镑(Pound) 988.51 1028.2 2014-03-09 10:30:00 港币 (HK$) 78.13 79.06 2014-03-09 10:30:00 印尼卢比 0.0519 0.0557 2014-03-09 10:30:00 日元(Yen) 5.7274 5.9513 2014-03-09 10:30:00 韩国元 0.5549 0.6017 2014-03-09 10:30:00 澳门元 73.96 79.28 2014-03-09 10:30:00 林吉特 2014-03-09 10:30:00 挪威克朗 98.77 102.74 2014-03-09 10:30:00 新西兰元 500.76 523.98 2014-03-09 10:30:00 菲律宾比索 13.29 14.25 2014-03-09 10:30:00 卢布 16.29 17.45 2014-03-09 10:30:00 瑞典克朗 92.63 96.34 2014-03-09 10:30:00 新加坡元 466 484.71 2014-03-09 10:30:00 泰国铢 18.33 19.65 2014-03-09 10:30:00 新台币 19.56 20.96 2014-03-09 10:30:00 美元(US$) 606.38 613.73 2014-03-09 10:30:00
Depreciation and Appreciation Depreciation is a decrease in the value of a currency relative to another currency a depreciated currency is less valuable(less expensive) and therefore can be exchanged for (can buy a smaller amount of foreign currency $1/-$1.20/E means that the dollar has depreciated relative to the euro(or e decreases). It now takes $1.20 to buy one euro so that the dollar is less valuable The euro has appreciated relative to the dollar it is now more valuable Copyright 2012 Pearson Education. All rights reserved 14-7
Copyright © 2012 Pearson Education. All rights reserved. 14-7 Depreciation and Appreciation • Depreciation is a decrease in the value of a currency relative to another currency. – A depreciated currency is less valuable (less expensive) and therefore can be exchanged for (can buy) a smaller amount of foreign currency. – $1/€ → $1.20/€ means that the dollar has depreciated relative to the euro (or E €/ $ decreases). It now takes $1.20 to buy one euro, so that the dollar is less valuable. – The euro has appreciated relative to the dollar: it is now more valuable
Depreciation and Appreciation (cont) Appreciation is an increase in the value of a currency relative to another currency An appreciated currency is more valuable(more expensive) and therefore can be exchanged for (can buy a larger amount of foreign currency $1→$0.90/毛 means that the dollar has appreciated relative to the euro(or e increases). It now takes only $0. 90 to buy one euro so that the dollar is more valuable The euro has depreciated relative to the dollar it is now less valuable Copyright 2012 Pearson Education. All rights reserved 14-8
Copyright © 2012 Pearson Education. All rights reserved. 14-8 Depreciation and Appreciation (cont.) • Appreciation is an increase in the value of a currency relative to another currency. – An appreciated currency is more valuable (more expensive) and therefore can be exchanged for (can buy) a larger amount of foreign currency. – $1/€ → $0.90/€ means that the dollar has appreciated relative to the euro (or E $/€ increases). It now takes only $0.90 to buy one euro, so that the dollar is more valuable. – The euro has depreciated relative to the dollar: it is now less valuable
Depreciation and Appreciation (cont) a depreciated currency is less valuable, and therefore it can buy fewer foreign produced goods that are denominated in foreign currency A Nissan costs *2, 500,000= $25,000 at Es/=0.01 becomes more expensive $27, 962.50 at Es/y=0.011185 a depreciated currency means that imports are more expensive and domestically produced goods and exports are less expensive a depreciated currency lowers the price of exports relative to the price of imports.(China?) Copyright G 2012 Pearson Education. All rights reserved 14-9
Copyright © 2012 Pearson Education. All rights reserved. 14-9 Depreciation and Appreciation (cont.) • A depreciated currency is less valuable, and therefore it can buy fewer foreign produced goods that are denominated in foreign currency. – A Nissan costs ¥2,500,000 = $25,000 at E$/¥=0.01 – becomes more expensive $27,962.50 at E$/¥= 0.011185 • A depreciated currency means that imports are more expensive and domestically produced goods and exports are less expensive. • A depreciated currency lowers the price of exports relative to the price of imports. (China?)
Depreciation and Appreciation (cont) An appreciated currency is more valuable, and therefore it can buy more foreign produced goods that are denominated in foreign currency A Nissan costs 42, 500,000=$27, 962.50 at Es/y= 0.011185 becomes less expensive $25,000 at Es/=0.010 An appreciated currency means that imports are less expensive and domestically produced goods and exports are more expensive An appreciated currency raises the price of exports relative to the price of imports Copyright G 2012 Pearson Education. All rights reserved 14-10
Copyright © 2012 Pearson Education. All rights reserved. 14-10 Depreciation and Appreciation (cont.) • An appreciated currency is more valuable, and therefore it can buy more foreign produced goods that are denominated in foreign currency. – A Nissan costs ¥2,500,000 = $27,962.50 at E$/¥= 0.011185 – becomes less expensive $25,000 at E$/¥= 0.010 • An appreciated currency means that imports are less expensive and domestically produced goods and exports are more expensive. • An appreciated currency raises the price of exports relative to the price of imports