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Munich to Moscow. On your post-graduation celebratory trip you decide to travel from Munich, Germany, to Moscow, Russia. You leave Munich with 14,800 euros in
Munich to Moscow. On your post-graduation celebratory trip you decide to travel from Munich, Germany, to Moscow, Russia. You leave Munich with
14,800
euros in your wallet. Wanting to exchange all of them for Russian rubles, you obtain the following quotes:
Spot rate on the dollar/euro exchange rate | $1.3156/ |
Spot rate on the ruble/dollar exchange rate | Rbl30.51/$ |
a. What is the Russian ruble/euro cross rate?
b. How many rubles will you obtain for your euros?
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