Consider the data in the table below:


Nominal Exchange Rates for the U.S. Dollar

Country	Foreign currency/U.S. dollar	U.S. dollars/foreign currency
United Kingdom (pound)	0.641	1.559
Canada (Canadian dollar)	1.008	0.992
Mexico (peso)	12.39	0.081
Japan (yen)	83.338	0.012
European Union (euro)	0.756	1.322

a. Calculate the nominal exchange rate between the Mexican peso and the Japanese yen. Express in two ways.

Instructions: Enter your responses rounded to three decimal places.

One peso = ___ yen

One yen = ___ peso


b. Suppose the peso appreciates by 10 percent against the dollar while the value of the yen against the dollar remains unchanged.

Instructions: Enter your responses rounded to three decimal places.

One peso = __ yen

One yen = ___ peso