Question
The following is the table of exchange rates among 3 currencies. Code Country in USD in CAD JPY Japan 0.0129 0.0117 AUD Australia (Dollar) 1.0212
The following is the table of exchange rates among 3 currencies. Code Country in USD in CAD JPY Japan 0.0129 0.0117 AUD Australia (Dollar) 1.0212 1.0001 ATS Austria (Schilling) 0.0942 0.0900 1) What is the cross rate, ATS/JPY? 2) If AUD is expected to appreciate from 1/10/2020 to 1/10/2021 by 4% against USD, what will be the expected USD/AUD of 1/10/2021
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Public Finance
Authors: Richard W. Tresch
2nd Edition
0126990514, 978-0126990515
