If the Japanese Yen is currently at 100.868 per US$, and the US$ appreciates by 2.1% against the Japanese Yen, then the exchange rate of Yen per US$ is ¥0.10122.

Question

Quizplus · Accepted Answer

If the US$ appreciates by 2.1% against the Japanese Yen, it means the US$ would buy more Yen than before. The given exchange rate would actually decrease, not convert to ¥0.10122 per US$, as appreciation of the US$ makes each dollar worth more Yen, not less.

If the Japanese Yen Is Currently at 100