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How many kronas would a dollar buy tomorrow

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Reference no: EM132959061

Problem 1: Suppose that 1 Swedish krona could be purchased in the foreign exchange market today for $0.18. If the krona appreciated 10% tomorrow against the dollar, how many kronas would a dollar buy tomorrow?

Problem 2: Suppose the exchange rate between the U.S. dollar and the South African rand was 9 rand = $1 and the exchange rate between the U.S. dollar and the Israeli shekel was 1 shekel = $0.8. What was the exchange rate between the South African rand and the Israeli shekel?

Reference no: EM132959061

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