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A la date t le taux de change franc suisse (CHF)/euro est de 1.50 CHF pour un eu...

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A la date t le taux de change franc suisse (CHF)/euro est de 1.50 CHF pour un euro ; le taux de change euro/ US dollar est 0.80 euros pour un dollar. Dans un an, à la date t+1, le taux de change franc suisse/euro est 1.20 CHF pour un euro et le taux de change euro/dollar est 0.90 euros pour un dollar. Cela signifie que:

At time t the exchange rate Swiss Franc (CHF) / euro is 1.50 CHF for one euro; the euro/US dollar exchange rate is 0.80 euros for a dollar. In a

year (t+1), the exchange rate Swiss Franc/euro is 1.20 CHF for one euro and the exchange rate euro/$ is 0.90 euros for one dollar. It

means that:

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