Calculate nominal exchange rate today

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Reference no: EM1367799

Before one year Polish zloty was PLN 3.8000/USD. Since then the sloty has fallen 14 percent against the dollar. Price levels in the US have not changed, but Polish price has gone up 7 percent
-what is the nominal exchange rate today?
-what should be the exchange rate today, based on relative PPP and assuming last year was normal?
-Did the zloty depreciate or appreciate in real terms, relative to the dollar, by what percentage?
-using last year as the base, what is the real exchange rate of zloty against today?

Reference no: EM1367799

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