5-7

Trepak-The Russian Dance. Calculate the percentage change in the value of the ruble for the two different cross rates shown in the table for the five periods, Did the rutle fall further against the US dollar or the Swiss franc? For the period from November 7, 2013 to November 7, 2014 The percentage change in Russian rubles per Swiss trane is 6. (Round to two decimal places) Switzerland has long served as a cornerstone of banking conservatism and a safe port in a world of currency storms. Swiss banks had long been used by investors from all over the world as financially secure institutions that would preserve the depositor's wealth with confidentiality. A large part of the security offered was the Swiss franc itself. Russian citizens of woalth had used Swiss banks heavily in recent years as a place where they could shelter their capital from politicn, both inside Russia and the outside (EU and US) world. But beginning in the fall of 2014 the Russian ruble's value began to slide against the Swiss franc, threatening their wealth