Calculating Relative Price of Imported Goods

A specific brand of headphones costs ¥15,000 in Japan. A comparable pair of headphones made and sold in Mexico costs 2,000 MXN. If the nominal exchange rate is 0.12 Mexican pesos per Japanese yen, what is the relative price of the imported Japanese headphones in Mexico?

Interpreting Relative Prices in International Trade

A specific brand of smartphone costs ¥150,000 in Japan. A comparable smartphone made and sold in Canada costs $1,300 CAD. If the exchange rate changes from 0.010 CAD per JPY to 0.009 CAD per JPY, the imported Japanese smartphone becomes less expensive relative to the Canadian one.