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Category > Accounting Posted 02 Jun 2017 My Price 2.00

Movements in Cross Exchange Rates

 

Movements in Cross Exchange Rates Last year a dollar was equal to 7 Swedish kronor, and a Polish zloty was equal to $.40. Today, the dollar is equal to 8 Swedish kronor, and a Polish zloty is equal to $.44. By what percentage did the cross exchange rate of the Polish zloty in Swedish kronor (that is, the number of kronor that can be purchased with one zloty) change over the last year?

 

 
 

Answers

Alpha Geek
(8)
Status NEW Posted 02 Jun 2017 10:06 AM My Price 2.00

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file 1496401048-Answer.docx preview (91 words )
M-----------ove-----------men-----------ts -----------in -----------Cro-----------ss -----------Exc-----------han-----------ge -----------Rat-----------es -----------Las-----------t y-----------ear----------- a -----------dol-----------lar----------- wa-----------s e-----------qua-----------l t-----------o 7----------- Sw-----------edi-----------sh -----------kro-----------nor-----------, a-----------nd -----------a P-----------oli-----------sh -----------zlo-----------ty -----------was----------- eq-----------ual----------- to----------- $.-----------40.----------- To-----------day-----------, t-----------he -----------dol-----------lar----------- is----------- eq-----------ual----------- to----------- 8 -----------Swe-----------dis-----------h k-----------ron-----------or,----------- an-----------d a----------- Po-----------lis-----------h z-----------lot-----------y i-----------s e-----------qua-----------l t-----------o $-----------.44-----------. B-----------y w-----------hat----------- pe-----------rce-----------nta-----------ge -----------did----------- th-----------e c-----------ros-----------s e-----------xch-----------ang-----------e r-----------ate----------- of----------- th-----------e P-----------oli-----------sh -----------zlo-----------ty -----------in -----------Swe-----------dis-----------h k-----------ron-----------or -----------(th-----------at -----------is,----------- th-----------e n-----------umb-----------er -----------of -----------kro-----------nor----------- th-----------at -----------can----------- be----------- pu-----------rch-----------ase-----------d w-----------ith----------- on-----------e z-----------lot-----------y) -----------cha-----------nge----------- ov-----------er -----------the----------- la-----------st -----------yea-----------r? ----------- Ma-----------y 0-----------4 2-----------016----------- 09-----------:02----------- AM----------- A-----------nsw-----------er:----------- At----------- th-----------e b-----------egi-----------nni-----------ng
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