Explore BrainMass

Explore BrainMass

    Foreign Exchange Rates in Russia

    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 March 4, 2021, 5:58 pm ad1c9bdddf

    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.