Fluctuations of Cross Exchange Rates. After the Egyptian Revolution of January 2011, the value of the Egyptian

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Fluctuations of Cross Exchange Rates. After the Egyptian Revolution of January 2011, the value of the Egyptian Pound (EGP) massively declined. It fell from EGP1.584/United Arab Dirham (AED) in January 25, 2011, to EGP2.0803/AED in May 1, 2015. What was the percentage decline in its value?

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Multinational Business Finance

ISBN: 9781292097879

14th Global Edition

Authors: David Eiteman, Arthur Stonehill, Michael Moffett

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