Paris to Moscow. On your summer study abroad program in Europe you stay an extra two weeks
Question:
Paris to Moscow. On your summer study abroad program in Europe you stay an extra two weeks to travel from Paris to Moscow. You leave Paris with 2,000 euros (€ or EUR) in your belt pack. Wanting to exchange all of these for Russian rubles (R or RUB), you obtain the following quotes:
Spot rate rubles per dollar (or RUB/USD)
1.1280 Spot rate Rupee per dollar (or INR = 1.00 USD)
62.40
a. What is the Russian ruble to euro cross rate?
b. How many Russian 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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