Calculate the percentage change in the value of the Ruble for the three different cross rates shown

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Calculate the percentage change in the value of the Ruble for the three different cross rates shown below for the six dates. Did it fall further against the U.S. dollar or the Swiss franc?

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Multinational Business Finance

ISBN: 978-0133879872

14th edition

Authors: David K. Eiteman, Arthur I. Stonehill, Michael H. Moffett

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Question Posted: Jan 19, 2017 09:54 AM

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Calculate the percentage change in the value of the Ruble for the three different cross rates shown

Question:

Exchange Rates Russian rubles per Swiss franc Russian rubles per US dollar US dollars per Swiss frane Nov 7, 2013 Nov 7, 2014 Dec 4,2014 Dec 16,201)ec 24, 2014 Ian 16, 2015 76.639 32.408 46.730 54.416 67.50954.619 65.071 1.0888 1.0326 0337 0411 1.0136 1.1778 35.286 48.252 56.249 0.285 55.362

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The Russian ruble clearly fell further against the Swiss fran...View the full answer

Multinational Business Finance

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