Subjects finance

Exchange Rate Change 42962D

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Exchange Rate Change 42962D


1. Problem Statement: Calculate the percent change in foreign currency value relative to Ringgit Malaysia using exchange rate data from Bank Negara Malaysia. 2. Formula and Explanation: The percent change in currency value is calculated using the formula: $$\text{Percent Change} = \frac{\text{New Value} - \text{Old Value}}{\text{Old Value}} \times 100\%$$ This formula measures how much the currency value has increased or decreased over a period. 3. Steps to Calculate: 1. Obtain the exchange rates for Ringgit Malaysia and the two selected foreign currencies at two different time points. 2. For each foreign currency, apply the percent change formula using the exchange rates. 3. Calculate the percent change for each currency separately. 4. Interpretation: A positive percent change indicates the foreign currency has strengthened against Ringgit Malaysia. A negative percent change indicates the foreign currency has weakened. Final Answer: The percent change values depend on the specific exchange rates used, which should be calculated in the attached Excel file as per instructions.