Question
On Friday, November 2015, the exchange rate of USD1 = IDR12,115, while USD1 = 20.300VND. On October 2015 USD1 = IDR11,015, and USD1 = 22,400VND.
On Friday, November 2015, the exchange rate of USD1 = IDR12,115, while USD1 = 20.300VND. On October 2015 USD1 = IDR11,015, and USD1 = 22,400VND. Based on these data, calculate:
a. Cross currency between rupiah and Dong Vietnam at those two time points.
b. What percentage of rupiah and or VND to depreciate against the USD?
c. What percentage has IDR appreciated (depreciated) against VND?
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Financial Management Principles and Applications
Authors: Sheridan Titman, Arthur Keown, John Martin
12th edition
133423824, 978-0133423822
