Suppose that last year, the 12-month interest rates for the Australia and the Greece are 2.4% and 9.8% respectively, and that the Australian dollar price of a euro is $1.39. Given this information, what was the percentage change in the exchange rate over the year? Round to two decimal places. Enter a number like 2% as "2.00" and not "0.02."

Suppose that last year, the 12-month interest rates for the Australia and the Greece are 2.4% and 9.8% respectively, and that the Australian dollar price of a euro is $1.39. Given this information, what was the percentage change in the exchange rate over the year? Round to two decimal places. Enter a number like 2% as "2.00" and not "0.02."

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter22: International Financial Management

Section: Chapter Questions

Problem 2P

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