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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.
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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

User Dirk Hoffmann
by
5.2k points

1 Answer

4 votes
16%
New/old-1
The pound depreciated 16 percent relative to the dollar
User ROunofF
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