1. What did the countries meeting in Bretton woods agree to? specify in points?

2. Assume that the Malaysian government officially floated the Malaysian Ringgit (MR). Within weeks, its value had moved from the pre-float fix of MR 3.77/$ to MR 3.46/$.

• Is this a devaluation, depreciation, revaluation or appreciation of the Malaysian Ringgit? (1.5 Mark)
• By what percentage did its value change? (1.5 Mark)

3. The following exchange rates are available to you which includes Swiss Francs (SF) with dollar ($) and dollar($) with British pounds ().

$0.69/SF

$1.8/

Find the /SF cross rate