Assume two currencies x and y the spot rate at t0 is x15y


Assume two currencies, X and Y. The spot rate at T0 is: X1.5/Y. Over the time period T0 - T1, currency X depreciates by 10% against currency Y. Calculate the spot rate at T1 expressed as:

a.) X/Y
b.) Y/X

 

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Finance Basics: Assume two currencies x and y the spot rate at t0 is x15y
Reference No:- TGS0632761

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