a.)Suppose that 1 Swedish krona could be purchased in the foreign exchange marke

Question

a.)Suppose that 1 Swedish krona could be purchased in the foreign exchange market today for $0.36. If the krona appreciated 11% tomorrow against the dollar, how many kronas would a dollar buy tomorrow? Round your answer to 2 decimal places. Do not round intermediate calculations.

b.)Suppose the exchange rate between the U.S. dollar and the South African rand was 10 rand = $1 and the exchange rate between the U.S. dollar and the Israeli shekel was 1 shekel = $0.4. What was the exchange rate between the South African rand and the Israeli shekel? Round your answer to 2 decimal places. Do not round intermediate calculations.

Explanation / Answer

a Today 1 Swedish Krona = $       0.36 After 11% appreciation tomorrow 1 Swedish Krona = $    0.400 1$ tomorrow =         2.503 Swedish Krona b 1$ = in South African Rand= 10 SA Rand I Shekel = $       0.40 1$ = in Shekel=           2.50 Israeli Shekel So 10 SA Rand =2.5 Isralei Shekel Or , 1 SA Rand =0.25 Israeli Shekel

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