Question

The graph below shows the value of the US dollar versus the Canadian dollar. According to the graph, the American dollar was the strongest during which month?
A) October 2012.
B) November 2012.
C) February 2013.
D) March 2013.

Answer 1

The answer is:

D) March 2013.

As you can see in the graph, the US dollar was worth 1.028 canadiand dollars in March 2013, this is the strongest point for the US dollar in the graph vs the canadian dollar.

Answer 2

Answer:

The correct answer is D. According to the graph, the American Dollar was stronger than the Canadian Dollar in March 2013, when 1.03 Canadian Dollars were necessary to made up 1 American Dollar.

Explanation:

As a result of the global economic crisis of 2008-2009, the American Dollar suffered a depreciation against other currencies of developed countries, such as Canada.

Historically, the Canadian Dollar has ranged between $ 1.10 and $ 1.30 for every $ 1 American Dollar, with variations within that range. Well, during the crisis the comparison was reversed, passing the Canadian Dollar to be worth more than the American Dollar. This trend returned to normal, as the graph shows, in March 2013.