On the first day of the year, was the currency rate for euros per dollar greater in 2013 or 2014? Justify your answer using the rates for this day in 2013 and 2014.
On the first day of the year in 2013, the currency rate for euros per dollar was approximately 1.32, while on the first day of the year in 2014, the rate was approximately 1.38. Therefore, the currency rate for euros per dollar was greater in 2014 compared to 2013. This is because 1.38 is larger than 1.32, indicating that in 2014, you would get more euros for each dollar exchanged compared to 2013.
