1. Using the data provided, find the nominal exchange rate between the Mexican peso and the Japanese...
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1. Using the data provided, find the nominal exchange rate between the Mexican peso and the Japanese yen. Express in two ways. How do your answers change if the peso appreciates by 20 per cent against the Australian dollar while the value of the yen against the Australian dollar remains unchanged? LO 17.1 MEDIUM Country Foreign currency/Australian dollar Australian dollar/Foreign currency United Kingdom (pound) 0.619 1.616 Canada (Canadian dollar) 0.955 1.047 Mexico (peso) 11.674 0.086 European Union (euro) 0.701 1.427 Japan (yen) 79.242 0.013
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