Relative Performance of the Dollar and the French Franc (1973-1993)

The Dollar's Performance Compared to the French Franc (1973-1993)

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Question

Relative to the French franc, the dollar has over the period 1973 to 1993:

Answers

A. fallen from a high of 25.5 francs to the dollar in 1973 to a low of 3.4 francs to the dollar in 1985 and risen again to 12.6 francs to the dollar in 1993.

B. none of these answers.

C. fallen from a high of 22.5 francs to the dollar in 1973 to a low of 11.1 francs to the dollar in 1985 to 17.6 francs to the dollar in 1993.

D. risen from 22.5 francs to the dollar in 1973 to 35.2 francs to the dollar in 1985 to 40.5 francs to the dollar in 1993.

E. has remained relatively stable around 15 francs to the dollar.

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Explanations

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A. B. C. D. E.

The U.S. dollar has moved greatly over this period relative to the French franc. The dollar fell from a high of 22.5 francs to the dollar in 1973 to a low of 11.1 francs to the dollar in 1985 and then rose again to 17.6 francs to the dollar in 1993.

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