Chinese yuan to one us dollar 7.5000-+-+--+-+--1-- 6.5000- 6.00 Copyright 2012 Pearson Education. All rights reserved 14-11
Copyright © 2012 Pearson Education. All rights reserved. 14-11 6.0000 6.5000 7.0000 7.5000 8.0000 8.5000 Chinese Yuan to One US Dollar
Bitcoin prices 20.000 18,000 16.000 14.000 12.000 10.000 8.000 6,000 4,000 2,000 2010/7 20117 2012/7 2013/7 2014/ 20157 2016/7 017/7 2018/7 Copyright 2012 Pearson Education. All rights reserved
Copyright © 2012 Pearson Education. All rights reserved. Bitcoin Prices
Market sentiment matters PBC Regulation 1000 Bankruptcy of Mt Gox 800 600 Processing Delay 850k BTC stolen 400 at Mt. gox and bitinstant False Report 200 of Bitcoin Ban in ch 0 Copyright 2012 Pearson Education. All rights reserved
Copyright © 2012 Pearson Education. All rights reserved. Market Sentiment Matters
Market sentiment matters 20.000 17,500 tight 15.000 regulation BTC price surge In Zimbabwe aft 12,500 Gov. army seized BTC trading 川 a complet ban of btc 2,500 trading in China Copyright 2012 Pearson Education. All rights reserved
Copyright © 2012 Pearson Education. All rights reserved. Market Sentiment Matters
Table 14-2: $/E Exchange Rates and the Relative Price of American Designer Jeans and British Sweaters TABLE 14-2 S/E Exchange Rates and the Relative Price of American Designer Jeans and British Sweaters Exchange rate(S/E) 1.25 1.50 1.75 Relative price(pairs of jeans/sweater) 1.39 1.67 1.94 Note: The above calculations assume unchanged money prices of $45 per pair of jeans and E50 per sweater Relative price (in the same currency) Price of sweater /Price of jeans (￡50*Es生)/$45 =￡50($45*Es) Copyright 2012 Pearson Education. All rights reserved 14-15
Copyright © 2012 Pearson Education. All rights reserved. 14-15 Table 14-2: $/£ Exchange Rates and the Relative Price of American Designer Jeans and British Sweaters Relative price (in the same currency) =Price of Sweater/Price of Jeans =(£50*E$/£)/$45 =£50/($45*E£/$ )