Please help me with exchange rates?

Answers:0   |   LastUpdateAt:2012-07-26 01:51:02  

Question
hailee
Asked at 2012-07-26 01:51:02
The value of the Euro in terms of CAD in 2006 is1.6008, and the value of the Euro in terms of CAD in 2008 is 1.4938.

Did the value of the CAD appreciate or depreciate against the Euro from 2006 to 2008 and why?

Name me two factors that could explain why the demand for CAD increased causing the change in value of the CAD.

How will the change in valueof the CAD affect imports from Europe and exports to Europe.

And will this change in imports and exports result in a trade surplus or a trade deficit with Europe.

Okay please help with these questions. I'm not really understanding this exchange rate thing. Please just help me with these questions, if you don't want to help me don't say anything.

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