1. What is the impact of an appreciation of the USD (vs. the MXN) on Volume of U.S. exports to Mexico Volume of Mexicos exports to the U.S. The dollar value of U.S. investments in Mexico (and denominated in MXN) The MXN amount it costs a Mexican borrower in the U.S. (and borrowing denominated in USD) to pay back loan Answer all the above with a simple or

2.The USD appreciates 2% versus the JPY. The USD appreciates 4% versus the MXN. What is the approximate appreciation or depreciation we might see in the JPY/MXN cross exchange rate? Fill in the blanks: The JPY/MXN cross rate should ______________ about ______________ percent

Please answer both questions. If you can only do one question, please don't answer it. Thank you.