a. If the spot FX rate for the Swiss franc changes from CHF0.8769/$ to CHF0.9203/$, has the Swiss franc depreciated against the US dollar? If the spot FX rate for the euro changes from $1.1410/euro, to $1.0933/euro, has the US dollar depreciated against euro?
b. A US exporter has a Swiss franc receivable. If the Swiss franc appreciates in FX price between now and the due date of the receivable, will the exporter be benefited or suffered from this change? Why?
c. A US importer has a Japanese yen payable. If the US dollar depreciates in FX price (relative to the yen) between now and the due date of the payable, will the importer be benefited or suffered from this change? Why?