Answer Happy

Question 3 Consider the following graphs and state what happens with the value of the particular currency: a) Did the South African rand (ZAR) appreciate or depreciate? Vraag en aanbod van USD/Supply and demand of USD S₂ R 19.00 R 18.50 R 18.00 R 17.50 R 17.00 R 16.50 R 16.00 R 15.50 L R 15.00 R 14.50 R 14.00 R 13.50 R 13.00 R 12.50 R 12.00 R 11.50 0 1 2 3 4 5 b) Did the American dollar (USD) appreciate or depreciate? R 19.00 R 18.50 R 18.00 R 17.50 R 17.00 R 16.50 R 16.00 R 15.50 R 15.00 R 14.50 R 14.00 R 13.50 R 13.00 R 12.50 R 12.00 R 11.50 0 Vraag en aanbod van USD/Supply and demand of USD 1 2 91 6 7 8 9 10 11 12 13 14 Q 3 4 5 6 7 8 9 10 11 12 13 14 Q