00:01
So here we are talking about exchange rates, right? and we know some exchange rates.
00:05
In 2015 and 2016, we have data.
00:09
In 2015, we have 124 canadian is equal to one u .s .d.
00:14
And in 2016, we have 119 canadian is equal to one u .s .d, right? well, the idea here is that we can divide these, right? if we think about this, we could say 124 cad over 1 .24 is equal to.
00:30
To one usd over 1 .24, we get one cad would be equal to a corresponding number of usd, right? it's all about just sort of keeping the units clear in your head.
00:47
0 .8065 usd.
00:49
So that would be say one canadian dollar in 2015 would be equal to 8065 us cents.
00:55
Right? we can do the same thing in 2016, right? if we think about this, divided by 1 .29, divided by 1 .29, we get one canadian dollar is equal to 0 .7752 u .s .d...