1. On October 17, 2001, the U.S. dollar/ euro exchange rate was $1.194/. One year prior on October 17, 2000 the exchange rate was $1.099/. How many euro will $1 buy at the 2001 exchange rate and did $1 buy at the 2000 exchange rate? (Hint: to find the /$ exchange rate, take the reciprocal of the $/ exchange rate).

2. What was the percentage change in value of U.S. dollar compared to the euro from October 17, 2000 to October 17, 2001?

3. When traveling in Europe the current exchange rate is EURO22.58/$. From Europe you go to Mexico where it's currency exchange rate is PESO6.4976/$. When you land in Mexico you realize that you have 1000EURO in your pocket from Europe. What is the euro/peso cross rate? How many pesos will you get for your euros?