On 31st December 2015 the GBP/USD exchange rate was 1.47360. On 31st December 2016 it was 1.23321. Calculate the percentage decrease in the exchange rate. Round your answer to the nearest whole percent.

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asked Sep 14, 2022 163k views

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On 31st December 2015 the GBP/USD exchange rate was 1.47360. On 31st December 2016 it was 1.23321. Calculate the

percentage decrease in the exchange rate. Round your answer to the nearest whole percent.
nad
bala

Mathematics
college

Dirk Hoffmann asked

by Dirk Hoffmann

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16%
New/old-1
The pound depreciated 16 percent relative to the dollar

ROunofF answered Sep 19, 2022

by ROunofF

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