Forget complex calculations! The article introduces a simplified currency conversion method tailored for students. It emphasizes rounding exchange rates to 'friendly' numbers for easy mental math.

Download PDF More Formats on IMF eLibrary Order a Print Copy Create Citation We estimate how the rate of pass-through from the exchange rate to domestic prices varies across states of the economy and ...

Finding the best way to change money is an age-old problem for travelers, but the smartest methods for doing it have evolved dramatically in recent years. Currency exchange used to be as simple as ...

Download PDF More Formats on IMF eLibrary Order a Print Copy Create Citation This paper addresses a key puzzle in international finance: whether exchange rates follow a random walk or exhibit ...