Exchange rate

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anurag

anurag (Querist)
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15 December 2010 Spot rate: FF5.70==$1
IF FF IS TO BE APPRECIATED BY 10%
PLZ CALCULATE NEW SPOT RATE

Aditya Maheshwari

Aditya Maheshwari (Expert)
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15 December 2010 5.70 - .57 = 5.13

Since FF has apprecaited the buying power of dollar has fallen.

anurag

anurag (Querist)
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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

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anurag

anurag (Querist)
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16 December 2010 plz reply

Aditya Maheshwari

Aditya Maheshwari (Expert)
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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.

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