In December 1994, the government of Mexico officially changed the value of the Mexican peso from 3.16 pesos per dollar to 5.52 pesos per dollar. What was the percentage change in its value? Was this a depreciation, devaluation, appreciation, or revaluation? Explain.

What was the percentage change in its value?

The percentage change in peso value is enter your response here%

2. Ranbaxy (India) in Brazil. Ranbaxy, an India-based pharmaceutical firm, has continuing problems with its cholesterol reduction product's price in one of its rapidly growing markets, Brazil. All product is produced in India, with costs and pricing initially stated in Indian rupees (Rps), but converted to Brazilian reais (R$) for distribution and sale in Brazil. In 2009, the unit volume was priced at Rps21,800, with a Brazilian real price set at R$886. But in 2010, the real appreciated in value versus the rupee, averaging Rps25.78/R$. In order to preserve the real price and product profit margin in rupees, what should the new rupee price be set at?

First, the implied spot exchange rate for the previous year, 2009 must be found.

The implied spot exchange rate for the previous year, 2009 is Rpsenter your response here/R$.

3. Trade Deficits and J-Curve Adjustment Paths. Assume the United States has the following import/export volumes and prices. It undertakes a major "devaluation" of the dollar, say 20% on average against all major trading partner currencies. What is the pre-devaluation and post-devaluation trade balance?

Initial spot exchange rate, $/fc	1.87
Price of exports, dollars ($)	18.0900
Price of imports, foreign currency (fc)	11.8000
Quantity of exports, units	120
Quantity of imports, units	140
Percentage devaluation of the dollar	20.00

What is the pre-devaluation trade balance?

The revenues from exports are ___.

4. China's (Mainland) Balance of Payments. Use the following balance of payments data for China (Mainland) from the China's (Mainland) Balance of Payments Assumptions (million US$) 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 A. Current account balance 134,082 231,844 353,183 420,569 243,257 237,810 136,097 215,392 148,204 277,434 330,602 B. Capital account balance 4,102 4,020 3,099 3,051 3,938 4,630 5,446 4,272 3,052 -32 316 C. Financial account balance 96,944 45,285 91,132 37,075 194,494 282,234 260,024 -36,038 343,048 -51,361 -485,614 D. Net errors and omissions 15,847 3,502 13,237 18,859 -41,181 -53,016 -13,768 -87,071 -62,922 -108,257 -188,245 E. Reserves and related items -250,975 -284,651 -460,651 -479,554 -400,508 -471,658 -387,799 -96,555 -431,382 -117,784 342,941.

Does China's BOP balance in years 2008, 2009, and 2013?

China's BOP in year 2008 was (in millions) ____.