From the beginning of 2002 until 2015, the value of the Canadian dollar has ________ relative to the U.S.dollar and ________ relative to the Japanese yen.

Question

Quizplus · Accepted Answer

The Canadian dollar appreciated relative to the U.S. dollar in the early to mid-2000s, reaching parity around 2007-2008, and then experienced periods of depreciation afterwards. Against the Japanese yen, the Canadian dollar generally appreciated slightly over the same period, reflecting fluctuations in global currency markets.

From the Beginning of 2002 Until 2015, the Value of the Canadian