When I was in Mexico in 1998, the hotel room costs MP950 per night. Today the same room costs MP1050. During the same period the exchange rate went from MP12.56/$ to MP 8.9340/$.© BrainMass Inc. brainmass.com October 9, 2019, 4:03 pm ad1c9bdddf
In 1998, MP12.56 = $1
Therefore, MP950 = $950/12.56 = $75.64 ...
The expert examines foreign exchange rates. The same room costs are given.