If the Japanese yen appreciates from $0.01 per yen to $0.02 per yen, the Canadian dollar depreciates from ________ per dollar to ________ per dollar.

Question

Quizplus · Accepted Answer

When the yen appreciates from $0.01 to $0.02, it doubles in value against the dollar. Initially, 1 Canadian dollar could be exchanged for 100 yen ($0.01 per yen), but after the appreciation, it can only be exchanged for 50 yen ($0.02 per yen), indicating a depreciation of the Canadian dollar in terms of yen.

If the Japanese Yen Appreciates from $0