Pages • 1
International Finance, Chapter 2, Exercise Solutions Essay Preview: International Finance, Chapter 2, Exercise Solutions Report this essay Problems1. In Brussels: €/$ – €0.82; solution: $/€=1/0.82=$1.2195 In New York: $/€=$1.22; solution: €/$=1/1.22=€0.81972. Value of Mexican Peso: Peso/$1 = 3.2 Peso/$2 = 5.5Solution: Percentage change = (3.2-5.5)/5.5*100% = -41.8% As the figure is negative, it means, Mexican Peso devalued against dollar by 41.8 %;3. One ounce of.