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If the price level in the US is 124, the price level in Mexico is 119, and the nominal exchange rate is 21.61 pesos (Mexico's
If the price level in the US is 124, the price level in Mexico is 119, and the nominal exchange rate is 21.61 pesos (Mexico's currency) per dollar, what is the real exchange rate from the U.S. perspective?
If the price level in the U.S. is 115, the price level in Mexico is 128, and the real exchange rate is 20.58 pesos (Mexico's currency) per dollar, what is the nominal exchange rate from the U.S. perspective?
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