Question
What are the three main currencies excluding its home currency, KPMG uses to conduct its international business? Prepare a chart or table showing the direct
What are the three main currencies excluding its home currency, KPMG uses to conduct its international business? Prepare a chart or table showing the direct and indirect quotation of each foreign currency in relation to the home currency of the MNC at the last year-end and the previous one. Also prepare a cross-exchange rate chart for these currencies for the same dates.
b. Illustrate, using diagrams or tables and calculations, how the values of two of these currencies have changed (appreciated or depreciated) over the past year relative to the KPMGs home currency, and comment on the main reasons for these changes.
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