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Trepak The Russian Dance. Calculate the percentage change in the value of the ruble for the two different cross rates shown in the table for

Trepak

The Russian Dance. Calculate the percentage change in the value of the ruble for the two different cross rates shown in the table for the five periods. Did the ruble fall further against the U.S. dollar or the Swiss franc?

Switzerland has long served as a cornerstone of banking conservatism 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 preserve the depositor's 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 ruble's value began to slide against the Swiss franc, threatening their wealth.

Exchange Rates

Nov. 7, 2013

Nov. 7, 2014

Dec. 4, 2014

Dec. 16, 2014

Dec. 24, 2014

Jan. 16, 2015

Russian rubles per Swiss franc

35.282

48.254

56.248

70.282

55.361

76.638

Russian rubles per U.S. dollar

32.406

46.734

54.411

67.507

54.615

65.074

image text in transcribed
For the period from November 7, 2013 to November 7, 2014: The percentage change in Russian rubles per Swiss franc is % (Round to two decimal places.) The percentage change in Russian rubles per U.S. dollar is % For the period from November 7, 2014 to December 4, 2014: The percentage change in Russian rubles per Swiss franc is --_ % (Round to two decimal places.) The percentage change in Russian rubles per U.S. dollar is -- %(Round to two decimal places.) For the period from December 4, 2014 to December 16, 2014: The percentage change in Russian rubles per Swiss franc is _% (Round to two decimal places.) The percentage change in Russian rubles per U.S. dollar is _% (Round to two decimal places.) For the period from December 16, 2014 to December 24, 2014: The percentage change in Russian rubles per Swiss franc is -% (Round to two decimal places.) The percentage change in Russian rubles per U.S. dollar is - % (Round to two decimal places.) For the period from December 24, 2014 to January 16, 2015: The percentage change in Russian rubles per Swiss franc is --_%(Round to two decimal places.) The percentage change in Russian rubles per U.S. dollar is ---% (Round to two decimal places. Show transcribed image text

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