Assume currency r depreciated by 9 against currency s


Assume currency R depreciated by 9% against currency S, between T0 and T1. The spot rate at T1 is: R 0.80 / S. Calculate the spot rate at T0, expressed as S / R.

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Finance Basics: Assume currency r depreciated by 9 against currency s
Reference No:- TGS0632829

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