In December 2020 the government of Syria officially changed of its value of its SYP(Syrian Pound) by 65% per USD -3,00 SYP/USD. Required: 1. What was the percentage change in its value? Was this depreciation, devaluation, appreciation or revaluation? Explain 2. If your business is importing and exporting goods from and to Syria, what would you do to protect your business against the currency fluctuation.

In December 2020 the government of Syria officially changed of its value of its SYP(Syrian Pound) by 65% per USD -3,00 SYP/USD. Required: 1. What was the percentage change in its value? Was this depreciation, devaluation, appreciation or revaluation? Explain 2. If your business is importing and exporting goods from and to Syria, what would you do to protect your business against the currency fluctuation.

Microeconomics

13th Edition

ISBN:9781337617406

Author:Roger A. Arnold

Publisher:Roger A. Arnold

Chapter21: International Finance

Section: Chapter Questions

Problem 3QP

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