Russo-Swiss Cross

Switzerland has long served as a cornerstone of banking convervatism and a safe port in a world of currency storms. Swiss banks had long been used by investors from all over the world as financially secure institutions that would pre-serve the depositorss wealth with confidentiality. A large part of the security offered was the Swiss franc itself. Russian citizens of wealth had used Swiss banks heavily in recent years as a place where they could shelter their capital from politics both inside Russia and the outside (EU and US) world. But beginning in the fall of 2014 the Russian rubles value began to slide against the Swiss franc, threatening their wealth. Use data in the table to answer the question.

Exchange Rates	Nov 7, 2013	Nov 7, 2014	Dec 4, 2014	Dec 16, 2014	Dec 24, 2014	Jan 16, 2014
Russian rubles per Swiss franc	35.286	48.252	56.249	70.285	55.362	76.639
Russian Rubles per US dollar	32.408	46.730	54.416	67.509	54.619	65.071
US dollars per Swiss franc	1.0888	1.0326	1.0337	1.0411	1.0136	1.1778

8. Mihail Khodorkovskys Dilemma. 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 Switzerland with his money. In November 2014 Mikhail held a portfolio of USD200 million and CHF150 million in Swiss banks, in addition to accounts in Russia still holding RUB1.2 billion. Using the exchange rate table, answer the following:

What is the value of Mikhails portfolio as measured in Russian rubles?

What is the value of Mikhails portfolio as measured in Swiss francs?

What is the value of Mikhails portfolio as measured in US dollars?

Which currency demonstrated the greatest fluctuations in total value over the six dates?