What would be the new exchange rate value

Reference no: EM131955672

Question: Chinese Yuan Revaluation. Many experts believe that the Chinese currency should not only be revalued against the U.S. dollar as it was in July 2005, but also be revalued by 20% or 30%. What would be the new exchange rate value if the Yuan were revalued an additional 20% or 30% from its initial post-revaluation rate of Yuan8.11/$?

Reference no: EM131955672

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