1)

- If the US Dollar (USD) trades at $1=0.87 Euros (), how many euros do I need to by a lamp in New York if the store sells it for $600?

- If I just landed in New York, flying on from Thailand, and I want to by that lamp for $600, but all I have is currency from Thailand (Thai Baht), then how many Baht do I need? The Euro trades at 1 Thai Baht =0.027 and the dollar trades at $1=0.87.

- If $1 = 0.76 British Pounds (GBP), then how many pounds do I need to buy an item worth $2,000?

- If 1GBP=$1.32 and 1Euro= $1.14 then which currency (GBP, USD or EURO) is stronger and why?

- I would like to travel to Cambodia to visit the beautiful temples that are found throughout the country. If $1=4100.95 Cambodian Riel, then what does a room at a boutique hotel cost in Riel if the US rate is $131 per night?

- If 1GBP=$1.32 today, and in 90 days 1GBP = $1.42, is the dollar trading at a discount or premium to the pound?

- If the rate for the Chinese Yuan (CNY) is 1CNY = $0.1654, then how many CNY does the Chinese factory expect to be paid for 100 units that cost $2.10 each?

- Using the rate of 1CNY=$0.1654, if a Chinese worker makes the equivalent of $3.00/hr, how many CNY will he or she receive at the end of an 8-hour day?

- I want to purchase a car using Canadian Dollars, but the car is located at a US dealer in Minnesota. The dealer lists the car for USD 28,699. I negotiated a discount because I didnt really like the color and the salesperson was too pushy, so I complained to the general manager. who gave me $750 off the list rate? How many Canadian Dollars do I need to make the purchase? The exchange rate is $1 = 0.78CAD (Canadian Dollars).

- What do the terms trading at a premium and trading at a discount mean?