Question
The following information is available for 2011: New Zealand Canada Jan 1 Dec 31 Jan 1 Dec 31 Price index 1,137 1,158 117.8 119.9 Nominal
The following information is available for 2011:
New Zealand Canada
Jan 1 Dec 31 Jan 1 Dec 31
Price index 1,137 1,158 117.8 119.9
Nominal exchange rate:
NZD/CAD
1.2844 1.2589
The change in the real exchange rate (in NZD/CAD terms) is closest to:
A. 2.05%.
B. +1.96%.
C. 1.92%.
Spot Vs. Forward
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International Financial Management
Authors: Cheol Eun, Bruce Resnick
4th Edition
0072996862, 9780072996869
