how currencies work Block

Step 2: Substitute data for calculation.Therefore, according to the daily increase of 1\%, the increase is about 989.26\% after 240 trading days.Therefore, the daily increase is 2%, and after 240 trading days, the increase is about 11,488.87 \%.

1.01 {240} \ approximate 10.8926 is calculated by a calculator.&=1.01^{240}&=1.01^{240}

Step 2: Substitute data for calculation.&=1.01^{240}