1. Using Exchange Rates [LO1] Take a look back at Figure 21.1 to answer the following questions:a. If you have $100, how many euros can you get?b. How much is one euro worth?c. If you have 5 million euros, how many dollars do you have?d. Which is worth more, a New Zealand dollar or a Singapore dollar?e. Which is worth more, a Mexican peso or a Chilean peso?f. How many Mexican pesos can you get for a euro? What do you call this rate?g. Per unit, what is the most valuable currency of those listed? The least valuable?2. Using the Cross-Rate [LO1] Use the information in Figure 21. I to answer the following questions:a. Which would you rather have, $100 or 100? Why?b. Which would you rather have, 100 Swiss francs (SF) or 100? Why?c. What is the cross-rate for Swiss francs in terms of British pounds? For British pounds in terms of Swiss francs?

Country/Currency in US$ per US$ Country/Currency Americas in US$ per US$ FIGURE 21.1 Argentina peso Europe 0167 60.0116 Brazil real Bulgaria lev 56382 1.774 Exchange Rate .2391 4.1816 Canada dollar Croatia kuna 7608 148 1.3145 6.75 Quotations Chile peso Czech Rep. koruna 001287 04381 22.827 777.3 Denmark krone Colombia peso . 1475 000297 3365.07 6.778 Euro area euro Ecuador US dollor 1.1026 .9070 Hungary forint 00327912 Mexico peso 304.96 0532 18.7872 Iceland krona 008025 124.61 Uruguay peso 02678 37.34 Norway krone .1105 9.0484 Poland zloty .2590 3.8614 Asia-Pacific Romania leu .2306 4.336 Australian dollar 6825 1.4652 Russia ruble 01611 62.073 1 month 6822 1.4659 Sweden krona 1045 9.5669 3 month 6813 1.4678 Switzerland franc 1.0297 .9712 6 month 6799 1.4708 1 month 1.0317 9693 China yuan 1442 6.9367 3 month 1.0358 9654 Hong Kong dollar .1287 7.7725 6 month .0418 9599 India rupee 01402 71.316 Turkey lira 1684 5.9391 Indonesia rupiah .0000737 13573 Ukraine hryvnia 0407 24.5652 Japan yen 00915 109.28 UK pound 1.3074 7649 1 month .00915 109.29 1 month 1.3062 .7656 00915 109.30 3 month 1.3049 .7663 3 month 00915 109.31 6 month 1.3038 .7670 6 month Kazakhstan tenge .00264 378.6 Middle East/Africa Macau pataca . 1248923 8.007 2.6529 .3769 Malaysia ringgit 0.246 4.0655 Bahrain dinar New Zealand dollar 1,5135 Egypt pound 0633 15.8006 6607 154.63 Israel shekel 2894 3.455 Pakistan rupee 00647 50.801 Kuwait dinar 3.2912 3038 Philippines peso .0197 .39 Singapore dollar 7400 1.3514 Oman sul rial 2.5974 South Korea won .0008546 1170.2 Qatar rial 2747 3.6408 2665 3.7517 Sri Lanka rupee .0055063 181.61 Saudi Arabia riyal 14.3928 03328 South Africa rand 0695 30.05 Taiwan dollar 30.56 Thailand baht 03272 .00004315 23173 Vietnam dong SOURCE: www.wsj.com and www.barchart.com, January 27, 2020