Calculate the new exchange rate in swiss central bank

Reference no: EM13717068

Find the answer of all parts of the following question

Question- Swiss central bank lifted the fix on its exchange rate CFF against euro set at CHE1.20/€ on the 15th of this month. Following the lift, the CHF appreciated by 30 percent.

Part A- What is the new exchange rate (CHF /€?

Part B- The CHF closed on Friday at CHF0.9859/€.

Part 3- What is the percentage change since the lifting of the rate?

I need help to calculate the new exchange rate in Swiss central bank.

Reference no: EM13717068

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