Exchange Rates and International Transactions able 13-2: $/ Exchange Rates and the Relative Price of American Designer Jeans and British Sweaters Exchange rate(S/E) 1.25 150 1.75 Relative price (pairs of jeans/sweater) 1.39 1.67 1.94 Note: The above calculations assume unchanged money prices of $45 per pair of jeans and f50 per sweater Copyright C 2003 Pearson Education, Inc Slide 13-9Copyright © 2003 Pearson Education, Inc. Slide 13-9 Exchange Rates and International Transactions Table 13-2: $/£ Exchange Rates and the Relative Price of American Designer Jeans and British Sweaters