Question: Paris to Moscow. On your summer study abroad program in Europe you stay an extra two weeks to travel from Paris to Moscow. You leave
Paris to Moscow. On your summer study abroad program in Europe you stay an extra two weeks to travel from Paris to Moscow. You leave Paris with 3,000 euros ( or EUR) in your belt pack. Wanting to exchange all of these for Russian rubles (R or RUB), you obtain the following quotes: Spot rate USD =1.00 EUR (or $/E) Spot rate RUB =1.00 USD (or R/\$) 61.66 a. What is the Russian ruble to euro cross rate? b. How many Russian rubles will you obtain for your euros? a. The Russian ruble to euro cross rate is R 1. (Round to four decimal places.)
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