If the rate at which you can exchange INR for USD is 19.3% better than the rate shown in Part 1 (i.e., INR is 19.3% stronger relative to USD), how many USD can you get for 1 INR? Report your answer rounded to four decimal places. Based on the exchange rates given in Part 1, how many EUR can you get for 1,486 INR? (Assume you exchange INR for USD and then USD for EUR.) Report your answer rounded to two decimal places.

If the rate at which you can exchange INR for USD is 19.3% better than the rate shown in Part 1 (i.e., INR is 19.3% stronger relative to USD), how many USD can you get for 1 INR? Report your answer rounded to four decimal places. Based on the exchange rates given in Part 1, how many EUR can you get for 1,486 INR? (Assume you exchange INR for USD and then USD for EUR.) Report your answer rounded to two decimal places.

International Financial Management

14th Edition

ISBN:9780357130698

Author:Madura

Publisher:Madura

Chapter4: Exchange Rate Determination

Section: Chapter Questions

Problem 1BIC

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