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
实际汇率的计算公式为:实际汇率=名义即期汇率×(外国CPI /本国CPI)
实际汇率变化量=[(1 +汇率变化量)×(1 +国外价格水平变化量)]/(1 +本国价格水平变化量)- 1
=[(1 + 6.2%)×(1 - 3.8%)/ (1 + 1.8%)- 1 = 0.36%
老师上课的时候提到算实际利率是各除以通货膨胀数,让大家不用记公式,用老师的方法怎么算