In 2021, the exchange rate between the Swedish Kronor (SK) and the $ dollar was E$/SK0.07 $, while the exchange rate between the Indian Rupee (IND) and the $ dollar was equal toEIND/$ = 70.25 IND. Today the SK is equal to E$/SK = 0.11 $ and the $ is equal to76.25 IND. By what percentage did the cross exchange rate of the Indian Rupee in Swedishkronor (that is, the number of kronor that can be purchased with Indian Rupees) change overthe last year?

Introduction Exchange rate of different years and different countries have given. Change in exchange…

In 2021, the exchange rate between the Swedish Kronor (SK) and the $ dollar was E$/SK 0.07 $, while the exchange rate between the Indian Rupee (IND) and the $ dollar was equal to EIND/$ = 70.25 IND. Today the SK is equal to Es/SK = 0.11 $ and the $ is equal to 76.25 IND. By what percentage did the cross exchange rate of the Indian Rupee in Swedish kronor (that is, the number of kronor that can be purchased with Indian Rupees) change over the last year?

In 2021, the exchange rate between the Swedish Kronor (SK) and the $ dollar was E$/SK 0.07 $, while the exchange rate between the Indian Rupee (IND) and the $ dollar was equal to EIND/$ = 70.25 IND. Today the SK is equal to Es/SK = 0.11 $ and the $ is equal to 76.25 IND. By what percentage did the cross exchange rate of the Indian Rupee in Swedish kronor (that is, the number of kronor that can be purchased with Indian Rupees) change over the last year?

Economics:

10th Edition

ISBN:9781285859460

Author:BOYES, William

Publisher:BOYES, William

Chapter36: Exchange Rates And Financial Links Between Countries

Section: Chapter Questions

Problem 14E

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