Question
Q4. Calculate the percentage changes in spot rates of the MYR for 2019 and 2020 for the 2 different currencies as shown below. Exchange Rate
Q4. Calculate the percentage changes in spot rates of the MYR for 2019 and 2020 for the 2 different currencies as shown below. Exchange Rate Jan 1, 2018 Jan 1, 2019 Jan 1, 2020 MYR/CHF 3.9998 4.1070 4.5234 MYR/AUD 2.6050 2.8553 3.0008 Overall, did the MYR fall further against the CHF or AUD? Prove your answer. (10 marks)
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Personal Finance
Authors: Jack R Kapoor, Glencoe McGraw Hill, Les R Dlabay, Robert J Hughes
1st Edition
0078698006, 9780078698002
