Question: Consider the data in the table below: Nominal Exchange Rates for the U.S. Dollar U.S. dollars/fc Foreign currency/U.S. dollar Country currency 0.619 1.616 United Kingdom (pound) Canada (Canadian dollar) 0.977 1.024 Mexico (peso) 11.996 0.083 Japan (yen) 81.647 0.012 European Union (euro) 0.713 1.402 a. Calculate the nominal exchange rate between the MexicanSee the answerSee the answerSee the answer done loadingShow transcribed image textTranscribed image text: Consider the data in the table below: Nominal Exchange Rates for the U.S. Dollar U.S. dollars/fc Foreign currency/U.S. dollar Country currency 0.619 1.616 United Kingdom (pound) Canada (Canadian dollar) 0.977 1.024 Mexico (peso) 11.996 0.083 Japan (yen) 81.647 0.012 European Union (euro) 0.713 1.402 a. Calculate the nominal exchange rate between the Mexican peso and the Japanese yen. Express in two ways. Instructions: Enter your responses rounded to three decimal places. One peso 6.806 yen One yen = 0.1469 peso b. Suppose the peso appreciates by 10 percent against the dollar while the value of the yen against the dollar remains unchanged. Instructions: Enter your responses rounded to three decimal places. Foreign currency/U.S. dollar U.S. dollars/to currency Country 0.619 1.616 United Kingdom (pound) Canada (Canadian dollar) 0.977 1.024 Mexico (peso) 11.996 0.083 Japan (yen) 81.647 0.012 European Union (euro) 0.713 1.402 a. Calculate the nominal exchange rate between the Mexican peso and the Japanese yen. Express in two ways. Instructions: Enter your responses rounded to three decimal places. One peso 6.806 yen One yen = 0.1469 peso b. Suppose the peso appreciates by 10 percent against the dollar while the value of the yen against the dollar remains unchanged. Instructions: Enter your responses rounded to three decimal places. One peso 6.194 yen One yen = 0.16 peso
