Venezuelan Bolivar (B). The Venezuelan govemment officially floated the Venezuelan bolivar (Bs) in February 2002. Within

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Venezuelan Bolivar B The Venezuelan Govemment Officially Floated The Venezuelan Bolivar Bs In February 2002 Within 1 (14.9 KiB) Viewed 11 times

Venezuelan Bolivar (B). The Venezuelan govemment officially floated the Venezuelan bolivar (Bs) in February 2002. Within weeks, its value had moved from the pre-float fox of Bs 781-$1.00 to Bs 1,023-$1.00. The Venezuelan political and economic crisis deepened in late 2002 and early 2003. On January 1, 2003, the bolivar was trading at Bs 1,396-$1.00. By February 1, its value had fallen to Bs 1,955/$. Many currency analysts and forecasters were predicting that the bolivar would fall an additional 38% from its February 1 value by early summer 2003. a. What was the percentage change in January? b. What is the forecast value for June 2003? CO a. What was the percentage change in January? The percentage change is%. (Round to two decimal places) b. What is the forecast value for June 2003? The forecast value for June 2003 is Bs (Round to the nearest Bolivar.)