Foreign Exchange Rates in Russia

Not what you're looking for? Search our solutions OR ask your own Custom question.

This content was COPIED from BrainMass.com - View the original, and get the already-completed solution here!

In 1998, the Russian ruble depreciated 54% against the Deutschmark. How much did the Deutschmark appreciate against the Ruble?

© BrainMass Inc. brainmass.com December 24, 2021, 5:00 pm ad1c9bdddf
https://brainmass.com/economics/exchange-rates/foreign-exchange-rates-russia-21131

Solution Preview

Suppose initially, 1 Russian Rouble = x DM
In 1998, 1 Russian Rouble = 0.46x DM , such that ...

Solution Summary

The solution determines how much the Deutschmark appreciate against the Ruble.

$2.49