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The American financial crisis that began in February, 2008, wreaked havoc throughout its currency markets....

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The American financial crisis that began in February, 2008, wreaked havoc throughout its currency markets. a. Which of the following currencies had the largest depreciations or devaluations during the February to December period? b. Which country seemingly survived the first five months of the crisis with the least impact on their currencies? December 2008 (per USS 8.40 7.73 3,600 1.100 3.50 34 1.60 32.70 40.0 February 2008 Percentage Country China Hong Kong Indonesia Korea Malaysia Philippines Singapore Taiwan Thailand Currenc yuan dollar rupiah won ringgit peso dollar dollar baht Change vs 8.40 7.75 2.400 900 2.50 27 1.43 27.80 25.0 0.0% 0.3%

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