If the C$ weakens by 1% relative to the euro (C$1.00 = €0.7448), what will be the new value for the euro per C$1.00?

Name: If the C$ weakens by 1% relative to the euro (C$1.00 = €0.7448), what will be the new value for the euro per C$1.00?
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Quizplus · Accepted Answer

If the C$ weakens by 1% relative to the euro, it means the value of the euro increases by 1% relative to the C$. The original value is €0.7448 per C$1.00. A 1% decrease in value from €0.7448 is calculated as €0.7448 * 0.99 = €0.7374 per C$1.00.

If the C$ Weakens by 1% Relative to the Euro