Question
1. The current exchange rate is USD/RUB = 65.00. In one year you expect the exchange rate to be USD/RUB = 85.00. By what percent
1. The current exchange rate is USD/RUB = 65.00. In one year you expect the exchange rate to be USD/RUB = 85.00.
By what percent will the USD appreciate/depreciate in value?
By what percent will the RUB appreciate/depreciate in value?
2. The current exchange rate for USD/JPY = 120.00 and USD/SGD = 1.4000. Last year, the USD/JPY was 110.00 and the USD/SGD = 1.38.
By what percent did the JPY appreciate/depreciate in value against the USD?
By what percent did the SGD appreciate/depreciate in value against the USD?
By what percent did the JPY appreciate/depreciate in value against the SGD?
3. Today, EUR/USD = 1.15. Economists project the USD to weaken by 20% against the EUR over the next year. What is the projected EUR/USD exchange rate next year?
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