Country W does 50% of its trade with country X, 30% with country Y and 20% with country Z. The starting value of country W’s trade-weighted exchange rate is 100. Country W’s currency rises by 10% against the currency of country X, falls by 10% against the currency of country Y and stays the same against the currency of country Z. What is the new trade-weighted exchange rate?
- A100
- B102
- C102.5
- D200