If the C$ strengthens by 4% relative to the euro (C$1.00 = €0.7448), what will be the new value for the euro per C$1.00?

Question

Quizplus · Accepted Answer

If the C$ strengthens by 4% relative to the euro, it means that you will get more euros for each Canadian dollar. The original value is €0.7448 per C$. To find the new value, increase this by 4%: €0.7448 * 1.04 = €0.774592, which rounds to €0.7746 per C$1.00.

If the C$ Strengthens by 4% Relative to the Euro