Suppose, over a given period, the Japanese yen (PY) appreciates by 16.70% against the Danish krone (DKK)

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Suppose, over a given period, the Japanese yen (PY) appreciates by 16.70% against the Danish krone (DKK) and the Danish krone depreciates by 20.30% against the Indian rupee (INR).If the spot rate at the beginning of the period is INR 0,6565//PY.

What is the spot rate at the end of the current period?

Related Book For answer-question

International Economics Theory and Policy

ISBN: 978-0134519579

11th Edition

Authors: Paul R. Krugman, Maurice Obstfeld, Marc Melitz

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Posted Date: Apr 10, 2023 01:25 AM

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Suppose, over a given period, the Japanese yen (PY) appreciates by 16.70% against the Danish krone (DKK)

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To find the spot rate at the end of the period we need to find the cross rate bet... View the full answer

International Economics Theory and Policy

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