Assume that you are working for a multinational firm and that you have been promoted to the position of regional manager for the firm operations to be based at Kigali, Rwanda. Bearing in mind that your family is in Kenya and you will require to be constantly sending them money for upkeep especially during this time of Covid when many of them have lost jobs. Discuss how you will be affected by the following:

1. Depreciation of the Rwandan franc 
2. Appreciation of the US Dollar
3. Do you think Kenya’s huge public debt will have a bearing on the potential exchange rates between the Kenya Shilling and the Rwandan Franc? Explain your answer.

Answer rating: 100% (QA)

1 Depreciation of the Rwandan franc implies that the Rwandan franc will loss value as compared to other foreign currencies This means that a lot of Rw... View the full answer