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    Foreign Exchange Rates in Russia

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

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    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

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