Country X conducts trade with just two countries: Nigeria and Malaysia. 80 % of the nation’s trade is with Nigeria, while 20 % is with Malaysia. The starting value of the trade-weighted exchange rate index is 100. Country X’s currency appreciates by 10 % against the Nigerian Naira. Country X’s currency appreciates by 50 % against the Malaysian Ringgit. What will be the value of country X’s new trade-weighted exchange rate index?
- A115
- B118
- C130
- D160