In a hypothetical world, between last year and this year, the CPI in Mexico rose from 100 to 110 and the CPI in China rose from 85 to 100. Mexico's currency unit, the Peso(MXN), was worth 8.93(MXN) per Canadian dollar last year and is worth 8.74(MXN) per Canadian dollar this year. China's currency unit, the Yuan(CNY), was worth 6.86(CNY) per Canadian dollar last year and is worth 6.73(CNY) per Canadian dollar this year.

a)Find the percentage change from last year to this year in Mexico'snominalexchange rate with China (measured as # of Pesos/1 China Yuan).

NOTE:Please keep as much precision as possible throughout your calculations and round off your final answer totwodecimal places.

Percentage change =#%

b)Find the percentage change from last year to this year in Mexico'srealexchange rate with China. Again, assume that we are measuring the nominal exchange rate portion as the # of Pesos/1 China Yuan.

NOTE:Please keep as much precision as possible throughout your calculations and round off your final answer totwodecimal places.

Percentage change =#%

c)Relative to China, do you expect Mexico's exports to be helped or hurt by these changes in exchange rates?

Helped OR Hurt