Suppose you have $1,000. Based on the rates in Figure 31.1, how many Japanese yen can you get? Alternatively, if a Porsche costs €100,000 (recall that € is the symbol for the euro), how many dollars will you need to buy it? The exchange rate in terms of yen per dollar (second column) is 103.55. Your $1,000 will get you:

$1,000 × 103.55 yen per $1 = 103,550 yen Because the exchange rate in terms of dollars per euro (first column) is 1.2188, you will need:

€100,000 × $1.2188 per € = $121,880