Calculate the percentage change in the value

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Question 1 - The spot rate at the beginning of the year is NOK8.0000/$ and the spot rate at the end of the year is NOK8.4000/$. Calculate the percentage change in the value of the U.S. dollar during the year.

Question 2 - If the percentage change in the value of the U.S. dollar with respect to the Mexican peso is sMXN/$ = 100%, what should the percentage change in the value of the Mexican peso with respect to the U.S. dollar, or s$/MXN be?

Reference no: EM133273927

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