Munich to Moscow. For your post-graduation celebratory trip you decide to travel from Munich, Germany, to Moscow,
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Munich to Moscow. For your post-graduation celebratory trip you decide to travel from Munich, Germany, to Moscow, Russia. You leave Munich with 15,000 euros in your wallet. Wanting to exchange all of them for Russian rubles, you obtain the following quotes:
Spot rate on the dollar/euro cross rate $1.0644/€
Spot rate on the ruble/dollar cross rate 59.468/$
a. What is the Russian ruble/euro cross rate?
b. How many rubles will you obtain for your euros?
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Related Book For 
Fundamentals Of Multinational Finance
ISBN: 9781292215211
6th Global Edition
Authors: Michael Moffett
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