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Foreign exchange and commodity prices. While traveling in the following countries, you occasionally resort to U.S. food. You pay the following prices for a Big Mac: India: 215 rupees Kuwait: 1.39 dinars Sweden: 34.41 kronor Ukraine: 139 rubles If the price of a Big Mac is $4.38 in the United States, what are the implied exchange rates for these currencies? What is the implied direct, or American, exchange rate between the U.S. dollar and Indian rupee? $ per rupee (Round to four decimal places.) What is the implied indirect, or European, exchange rate between the Indian rupee and U.S. dollar? Orupees per $ (Round to four decimal places.) What is the implied direct, or American, exchange rate between the U.S. dollar and Kuwaiti dinar? $ per dinar (Round to four decimal places.) What is the implied indirect, or European, exchange rate between the Kuwaiti dinar and U.S. dollar? dinars per $ (Round to four decimal places.) What is the implied direct, or American, exchange rate between the U.S. dollar and Swedish krona? per krona (Round to four decimal places.) 1Ah ut in tiuu iuuliud iulint

Foreign exchange and commodity prices. While traveling in the following countries, you occasionally resort to U.S. food. You pay the following prices for a Big Mac: India: 215 rupees Kuwait: 1.39 dinars Sweden: 34.41 kronor Ukraine: 139 rubles If the price of a Big Mac is $4.38 in the United States, what are the implied exchange rates for these currencies? What is the implied direct, or American, exchange rate between the U.S. dollar and Indian rupee? $ per rupee (Round to four decimal places.) What is the implied indirect, or European, exchange rate between the Indian rupee and U.S. dollar? Orupees per $ (Round to four decimal places.) What is the implied direct, or American, exchange rate between the U.S. dollar and Kuwaiti dinar? $ per dinar (Round to four decimal places.) What is the implied indirect, or European, exchange rate between the Kuwaiti dinar and U.S. dollar? dinars per $ (Round to four decimal places.) What is the implied direct, or American, exchange rate between the U.S. dollar and Swedish krona? per krona (Round to four decimal places.) 1Ah ut in tiuu iuuliud iulint

International Financial Management
International Financial Management
14th Edition
ISBN:9780357130698
Author:Madura
Publisher:Madura
Chapter10: Measuring Exposure To Exchange Rate Fluctuations
Section: Chapter Questions
Problem 3ST
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Foreign exchange and commodity prices. While traveling in the following countries, you occasionally resort to U.S. food. You pay the following prices for a Big Mac: India: 215 rupees Kuwait: 1.39 dinars Sweden: 34.41 kronor Ukraine: 139 rubles If the price of a Big Mac is $4.38 in the United States, what are the implied exchange rates for these currencies? What is the implied direct, or American, exchange rate between the U.S. dollar and Indian rupee? per rupee (Round to four decimal places.) What is the implied indirect, or European, exchange rate between the Indian rupee and U.S. dollar? rupees per $ (Round to four decimal places.) What is the implied direct, or American, exchange rate between the U.S. dollar and Kuwaiti dinar? per dinar (Round to four decimal places.) What is the implied indirect, or European, exchange rate between the Kuwaiti dinar and U.S. dollar? dinars per $ (Round to four decimal places.) What is the implied direct, or American, exchange rate between the U.S. dollar and Swedish krona? per krona (Round to four decimal places.) What is the implied indirect, or European, exchange rate between the Swedish krona and U.S. dollar?
Transcribed Image Text:Foreign exchange and commodity prices. While traveling in the following countries, you occasionally resort to U.S. food. You pay the following prices for a Big Mac: India: 215 rupees Kuwait: 1.39 dinars Sweden: 34.41 kronor Ukraine: 139 rubles If the price of a Big Mac is $4.38 in the United States, what are the implied exchange rates for these currencies? What is the implied direct, or American, exchange rate between the U.S. dollar and Indian rupee? per rupee (Round to four decimal places.) What is the implied indirect, or European, exchange rate between the Indian rupee and U.S. dollar? rupees per $ (Round to four decimal places.) What is the implied direct, or American, exchange rate between the U.S. dollar and Kuwaiti dinar? per dinar (Round to four decimal places.) What is the implied indirect, or European, exchange rate between the Kuwaiti dinar and U.S. dollar? dinars per $ (Round to four decimal places.) What is the implied direct, or American, exchange rate between the U.S. dollar and Swedish krona? per krona (Round to four decimal places.) What is the implied indirect, or European, exchange rate between the Swedish krona and U.S. dollar?
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