Currency appreciation and cross rates

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Reference no: EM131945632

Problem 1: Currency Appreciation

Suppose that 1 Euro could be purchased in the foreign exchange market today for $0.25. If the Euro appreciated 10 percent tomorrow against the dollar, how many Euros would a dollar buy tomorrow?

Problem 2: Cross Rates

Assume the exchange rate between US dollar and Indian Rupee is 60 Rupees = $1, and the exchange rate between dollar and British pound is 1 Pound = $1.5. What is the exchange rate between the Rupee and pound?

Reference no: EM131945632

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