Exchange rate
This query is : Resolved
15 December 2010
Spot rate: FF5.70==$1
IF FF IS TO BE APPRECIATED BY 10%
PLZ CALCULATE NEW SPOT RATE
IF FF IS TO BE APPRECIATED BY 10%
PLZ CALCULATE NEW SPOT RATE
15 December 2010
5.70 - .57 = 5.13
Since FF has apprecaited the buying power of dollar has fallen.
Since FF has apprecaited the buying power of dollar has fallen.
16 December 2010
sir in above case if $ is to be appreciated by 10%
what will be the exchange rate
and
in above answer if we say that as ff is appreciated by 10% now ff5.7 can buy $1.1 as purchasing power of ff is appreciated
plz reply
what will be the exchange rate
and
in above answer if we say that as ff is appreciated by 10% now ff5.7 can buy $1.1 as purchasing power of ff is appreciated
plz reply
16 December 2010
A very confusing question.
Purchasing power of FF increased in first case so it will be now ff5.7 can buy $1.1 as purchasing power of ff is appreciated and hence the above reply stands modified.
Purchasing power of FF increased in first case so it will be now ff5.7 can buy $1.1 as purchasing power of ff is appreciated and hence the above reply stands modified.
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