Currency Exchange Rates Learning Outcomes
koi easy tarika hai is sum ko karne ka…
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In this sum just one additional think is there, here first you have to find out the the price chnage in terms of percentage like we used to calculate retun।।
New zeeland= 1158-1137/1137 = 1.85%
Canada= 119.9-117.8/117.8 = 1.78%
And last nominal ex rate = 1.2589-1.2844/ 1.2844= – 1.99 %
Now the formula we use to do in cls ie
REER = (NEER* F/D)
= (0.9801 * 1.0178/ 1.0185)-1
= 2.05%
Hope it’s help