NO.PZ2023071902000047
问题如下:
QuestionSuppose the nominal spot exchange rate (CAD/JPY) rises by 6.2%, the
Japan price level drops by 3.8%, and the Canadian price level escalates
by 1.8%. The alteration in the real exchange rate (%) is most nearly:
选项:
A.0.36%.
B.–0.66%.
C.1.8%.
解释:
Solution
The formula for the real exchange rate is: Real exchange rate = Nominal spot exchange rate × (CPI of the foreign nation/CPI of the home nation)
Change in the real exchange rate = [(1 + Change in exchange rate) × (1 + Change in price level in foreign nation)]/(1 + Change in price level in home nation) – 1
= [(1 + 6.2%) × (1 - 3.8%)]/(1 + 1.8%) - 1 = 0.36%
The Foreign Exchange Market and Capital Flows• describe the foreign exchange market, including its functions and participants, distinguish between nominal and real exchange rates, and calculate and interpret the percentage change in a currency relative to another currency
请老师帮忙解释一下这道题