Question
6. While traveling in the following countries, you occasionally resort to U.S. food. You pay the following prices for a Big Mac: Cost of Big
6. While traveling in the following countries, you occasionally resort to U.S. food. You pay the following prices for a Big Mac:
| Cost of Big Mac | Spot Rate to USD | Implied Rate Appreciation/Depreciation | |
| India | 600 Rupees | 83.14 | |
| Kuwait | 1.45 Dinars | 0.31 | |
| Sweden | 52.5 Krona | 10.90 | |
| Ukraine | 220 Hryvnias | 36.49 | |
| U.S. | 5.00 | - | - |
What is the implied indirect exchange rate between the U.S. dollar these currencies? Does this imply an appreciation/depreciation or no change?
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The Meaningful Money Handbook
Authors: Pete Matthew
1st Edition
0857196510, 978-0857196514
