Using the data in Extract B (Figure 1), calculate the change in the trade-weighted effective exchange rate index of the Canadian Dollar, as a percentage, between March 2020 (Point A) and March 2021 (Point B). Give your answer to two decimal places.
| Month | Index Value |
|---|---|
| Mar 2020 | 104.52 (Point A) |
| Apr 2020 | ~102.10 |
| May 2020 | ~100.30 |
| Jun 2020 | ~98.50 |
| Jul 2020 | ~97.20 |
| Aug 2020 | ~96.80 |
| Sep 2020 | ~95.40 |
| Oct 2020 | ~94.10 |
| Nov 2020 | ~93.50 |
| Dec 2020 | ~92.80 |
| Jan 2021 | ~91.90 |
| Feb 2021 | ~91.50 |
| Mar 2021 | 91.25 (Point B) |
310 exam-style questions on AQA A Level Economics 2.6 The international economy (A-level only), covering 2.6.1 Globalisation, 2.6.2 Trade, 2.6.3 The balance of payments, 2.6.4 Exchange rate systems, and 2.6.5 Economic growth and development. Each one has a worked solution and a mark scheme showing where the marks go.