Calculate the spot rate at t1 expressed as

Reference no: EM13294065

Assume two currencies, X and Y. The spot rate at T0 is: X1.5/Y. Over the time period T0 - T1, currency X depreciates by 10% against currency Y. Calculate the spot rate at T1 expressed as:

a.) X/Y
b.) Y/X

Reference no: EM13294065

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