Question
Mikhail Khodorkovsky was one of the infamous Russian oligarchs, accumulating billions of dollars in wealth in the mid-1990s with the fall of the Soviet Union.
Mikhail Khodorkovsky was one of the infamous Russian oligarchs, accumulating billions of dollars in wealth in the mid-1990s with the fall of the Soviet Union. But in 2003 he had been imprisoned by the Russian state for a decade. Upon his release from prison in 2013, he had taken up residence in
Switzerlandwith
his money. In November2014, Mikhail held a portfolio of
USD210
million and
CHF162
million in Swiss banks, in addition to accounts in Russia still holding
RUB1.5
billion. Using the exchange rate table
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, answer the following:
a. What is the value of Mikhail's portfolio measured in Russian rubles?
b. What is the value of Mikhail's portfolio measured in Swiss francs?
c. What is the value of Mikhail's portfolio measured in U.S. dollars?
d. Which currency demonstrated the greatest fluctuations in total value over the six dates?
Exchange Rates
Exchange Rates | Nov. 7, 2013 | Nov. 7, 2014 | Dec. 4, 2014 | Dec. 16, 2014 | Dec. 24,2021 | Jan.16,2015 |
Russian Rubles per Swiss franc | 35.285 | 48.258 | 56.247 | 70.288 | 55.367 | 76.637 |
Russian Rubles per U.S. dollar | 32.407 | 46.731 | 54.418 | 67.505 | 54.616 | 65.068 |
U.S. dollars per Swiss franc | 1.088 | 1.0327 | 1.0336 | 1.0412 | 1.0138 | 1.1778 |
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