rate of change of TL/$( e ) Official exchange rate (LCU per US$, period average)

Question

rate of change of TL/$( e )

Official exchange rate (LCU per US$, period average) 0.296572316 0.293151416 0.290032332 0.292387416 0.286565999 0.275052749 0.276366082 0.270297416 0.278785332 0.287910999 0.291476666 0.296061916 0.30075325 0.290594667 0.27866325 0.27902925 0.293779417 0.288455 0.284268577 0.293222667 0.3018386 0.296870315 0.298447721 0.299408563 0.303348835 0.30475564 0.304414667 0.306751583 0.306681667 0.303914252 0.298011521 0.2947 0.292 0.290176225 0.284213958 0.268828367 0.287785417 0.286606592 0.275978944 0.279935558 0.283589442 0.284557198

Explanation / Answer

Presently in the international market , TL / $ = 0.35 [ 1 TL = 0.35 U.S. Dollar] (TL = Turkish Lira)

Rate of change of TL/$ = Present rate - Last Prevailling rate / Last Prevailling rate * 100

= 0.35 - 0.284557198 / 0.284557198 * 100

= 0.065442802 / 0.284557198 * 100

= 23 % (approx)

Conclusion:- The rate of chage of TL/$ in terms of percentage = 23 %.

  

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