Graph © 1998 by Prof. Werner Antweiler, University of British Columbia, Vancouver BC, Canada.

Also see a graph of the number of won per dollar for the same time period.

Use the graph above to answer the following questions

1. In what month did the value of the won first stay below $.0011?

   
   
   

2. In what month did the value of the won reach it's lowest point?

   
   
   

3. By what percentage did the value of the won decrease from the beginning of January, 1997 ($.0012) to the beginning of January, 1998 ($.0006) ? [Hint: to calculate the percentage decrease, first calculate the difference between the two values ($.0012 minus $.0006), and then divide the result by the beginning value ($.0012).]

   
   
   

4. By what percentage did the value of the won increase from the beginning of January, 1998 ($.0006) to the end of April, 1998 ($.00075)? [Hint - use the same method as in the previous question.]