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The MXN went from MXN 22.5540 per USD to MXN 19.2123 per USD in a month.
A.) What was the appreciation (or depreciation) of the MXN relative to the USD over the month? (Hint: calculate the % change in the USD-value of the MXN over the month)
B.) What was the appreciation (or depreciation) of the USD relative to the MXN over the month? (Hint: calculate the % change in the MXN-value of the USD over the month)
C.) Suppose the current exchange for the EUR is USD 1.1227 perEUR. You forecast the USD is going to appreciate by 10% relative to the EUR in one month. What will be the USD/EUR exchange rate in a month if your forecast is correct?
Please show all work
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this is a comprehensive problem that provides a review of the material covered in the course to datenbspnbspsouthface
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