a. Calculate the U.S. dollar-Swiss franc exchange rate, Es/franc and the U.S. dollar-British pound exchange rate, Es, as of June 30, 2010. b. What happened to the value of the U.S. dollar relative to the Swiss franc and the British pound between 2009 and 2010? Calculate the percentage change in the value of the U.S. dollar relative to each currency using the U.S. dollar-foreign currency exchange rates you calculated in (a). c. Using the information in the table for the most recent year, calculate the Japanese yen- Norwegian krone exchange rate.
a. Calculate the U.S. dollar-Swiss franc exchange rate, Es/franc and the U.S. dollar-British pound exchange rate, Es, as of June 30, 2010. b. What happened to the value of the U.S. dollar relative to the Swiss franc and the British pound between 2009 and 2010? Calculate the percentage change in the value of the U.S. dollar relative to each currency using the U.S. dollar-foreign currency exchange rates you calculated in (a). c. Using the information in the table for the most recent year, calculate the Japanese yen- Norwegian krone exchange rate.
Chapter36: Exchange Rates And Financial Links Between Countries
Section: Chapter Questions
Problem 13E
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Question
Transcribed Image Text:a. Calculate the U.S. dollar-Swiss franc exchange rate, Es/franc, and the U.S. dollar-British
pound exchange rate, Es, as of June 30, 2010.
'$/£'
b. What happened to the value of the U.S. dollar relative to the Swiss franc and the British
pound between 2009 and 2010? Calculate the percentage change in the value of the
U.S. dollar relative to each currency using the U.S. dollar-foreign currency exchange
rates you calculated in (a).
c. Using the information in the table for the most recent year, calculate the Japanese yen-
Norwegian krone exchange rate.
Transcribed Image Text:4. Use the table below to answer the following questions:
Country
(currency)
Currency
Symbol
Japan (yen) \
¥
Norway
(krone)
NKr
Switzerlan SFr
d (franc)
United
Kingdom
(pound)
United
States
(dollar)
4
$
Exchange Rates on June 30, 2010
(1) Per $
(2) Per £
(3) Per ��
88.49
6.503
1.078
0.668
|4
132.39
9.729
1.613
-
1.496
108.39
7.966
1.321
0.819
1.225
Exchange Rates on June 30, 2009
(one year previous)
(4) Per $
(5) Per £
(6) Per €
96.49
6.437
1.088
0.607
158.9
10.6
1.791
1.647
135.34
9.028
1.536
0.852
1.403.
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