What is the most recent ruble valuation as you are conducting this search?

Published by Jeannie R. Ferrell

Dec 8, 2022

s

Struggling with a similar assignment? Don’t know where to start? Don’t have time to work on this? Get a high-quality paper written for you from scratch – PLAGIARISM FREE, guaranteed to get you a good grade. To get started, please click on the Submit Your Instructions at the bottom of the page.

1. Economist’s Big Mac Index
Go to the website that contains the most recent calculations of the Economist’s Big Mac Index, https://www.economist.com/big-mac-index, Click on country names, you can see information on the local price of Big Mac, the implied exchange rate, and the difference between implied and actual exchange rate.
a. Choose US dollar as the base currency and index of Jun 2022, and calculate the Real Exchange Rate of U.S. dollars relative to the following currencies in terms of Big Mac: Swiss Franc, British Pound, Euro, Chinese Yuan, Japanese Yen, and South African Rand. Please show the calculation detail as follows:
Real Exchange Rate of U.S. Dollar relative to Swiss Franc = nominal exchange rate * ( U.S. price per Big Mac / Swiss price per Big Mac) = 0.97Franc / dollar * ($5.15 per Big Mac / SFr 6.50 per Big Mac) = 0.77 Swiss Big Mac / U.S. Big Mac
RER of 0.77 indicates that the dollar amount spent in purchasing one Big Mac in the U.S. can only purchase 77% of a Big Mac in Switzerland.
RER of less than 1 indicates that the US dollar is undervalued relative to the Swiss Franc (or the Swiss Franc is overvalued relative to the US dollar), and it is cheaper to buy Big Mac in the U.S. than in Switzerland.
b. Which country’s currency is the most overvalued relative to the US dollar in terms of Big Mac? Is it expensive or cheap to buy Big Mac there?
c. Which country’s currency is the most undervalued relative to the US dollar in terms of Big Mac? Is it expensive or cheap to buy Big Mac there?
d. What did you learn from this exercise?
2. Russian Ruble Crisis
Read the news https://www.cnbc.com/2022/02/28/russia-central-bank-hikes-interest-rates-to-20percent-from-9point5percent-to-bolster-ruble.html, and share your thoughts on the following questions:
a. Why did Russia’s central bank increase the country’s key interest rate? According to what we learned about the factors that affect the exchange rate in the short run, how would an increase in Russia’s interest rate shift the demand curve for Russian assets? How would the shift of the demand curve affect the valuation of the Ruble?
b. What were some other actions that the Russian Central Bank took to contain the market fallout?
c. Search online for a Ruble to USD valuation chart since the start of the war on Feb 24th, 2022? When and what was the lowest valuation of Ruble against USD according to the chart? What is the most recent Ruble valuation as you are conducting this search? What are the possible factors behind the Ruble’s rebound?
d. Research online about the dollar index. If the dollar index equals 95, what does it mean?
e. Search online for a dollar index chart since the start of the war on Feb 24th, 2022. Did the dollar appreciate or depreciate in value since the war started? Explain why?
3. Week 12 Reflection
Based upon what you learned in Week 12 study, share with your classmates something that you found to be an “ah-ha” learning moment and how it applies to your current or past experiences.
PLEASE ANSWER ALL QUESTIONS

n

Need Writing Help? Our writing specialists are here 24/7, every day of the year, ready to support you! Instantly chat with an online tutor below or click here to submit your paper instructions to the writing team.

[jetpack-related-posts]

More than just an assignment.

GET THE GRADES YOU DESERVE | A OR A- GUARANTEED
NO MORE SLEEPLESS NIGHTS DOING RESEARCH
NO MORE LATE POINTS DEDUCTIONS 
GET A QUALITY PAPER SENT TO YOUR EMAIL
GET GOOD GRADES ON YOUR ASSIGNMENTS
Explore Now →

Who is this homework service for?

* If you are having a really hard class and want to get through it, then this is for you.

* If you have a medical emergency or someone close to you has a medical emergency and you don’t think you’ll be able to turn your assignment on time, this is definitely a service you could use.

* You can use us if you are having a tough Professor who won’t give you the grades you deserve.

* If you have a tight work schedule and you are getting points deducted for not submitting assignments on time.

* English might not be your first language and you feel like you are being left behind in class because of it.

* If you have a large project coming up and don’t think you have enough time to get it done well, definitely reach out to us.

TALK TO SUPPORT
{

Super stoked you are checking us out! We would like to help you with your assignment. We just need a few things from you:

* The full assignment instructions as they appear on your school account.

* If a Rubric is present, make sure to attach it.

* Any relevant weekly readings or learning resources.

* Include any special announcements or emails you might have gotten from your Professor regarding your assignment.

* Any templates or additional files required to complete the assignment.

If your assignment is somewhat complex and you need to explain it, please don’t hesitate to reach out to me via live chat. 

 

FAQ

Frequently asked questions

How soon can I get my paper done?

It depends with your deadline. If you need your paper completed in 3 hours, we will deliver it in that time. All you need to do is indicate your deadline in our custom order page here. Alternatively, if you are sending us your instructions via email, please be sure to indicate your deadline.

Will it be completely original? I don't want to be caught in a case of Academic Integrity Violation.

We are as paranoid as you are. Maybe even more! And we understand that the greatest sin you can commit in your academic journey is plagiarizing your academic work. To that end, we have made sure that we check and double-check our papers using high quality plagiarism detection tools such as SafeAssign and Turnitin before submitting the paper to you.

Who is my writer? Is he/she a native English Speaker?

All our writers are native English Speakers. That is not to say that ESL writers are not good, we just prefer hiring native writers because we want the very best people working on your paper. This might mean paying a little bit more for your paper as opposed to when you pay a foreign company whose writers are non-native English Speakers.

What if I need revisions? Will your charge additional for this?

Of course not! If you do happen to require a revision on your paper, our team will handle it for you free of charge. Matter of fact, we won’t rest till you are happy with your paper. So, ask for as many revisions as you need, it’s completely FREE!

Will you give me my money back if I don't like my paper?

We have very few instances where we delivered a paper that a client didn’t fall in love with. But if it so happens that you don’t like your paper for any reason whatsoever, we’ll refund your money back no questions asked.

I have more assignments after this, can you help me with those too?

Of course! And what’s even better is that we can reserve a writer permanently to work on your entire class. This comes in handy for projects which build up on each other and where you need just one writer, one writing style.

I got my order information wrong, can I change that?

Yes you can. Just reach out to our support team via email (support@essaynook.com) or live chat here and they’ll help you change the instructions.

Can I place an order via email instead of going through the order page?

Yes you can. Email Anna at anna@essaynook.com, she’s in charge of our sales team. Alternatively, you can talk to our Live Chat team here and request to speak to Anna.

Trusted by Thousands of Students

Delivering quality assignments since 2007