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A. What is the current exchange rate for changing dollars into 1,000 units of pounds, Canadian dollars, euros, yen, Mexican pesos, and Swedish kronas? B.
A. What is the current exchange rate for changing dollars into 1,000 units of pounds, Canadian dollars, euros, yen, Mexican pesos, and Swedish kronas?
B. What is the percentage gain or loss between the May 29, 2014, exchange rate and the current exchange rate for each of the currencies in part A?
indirect of Units Number currency of Foreign Dollar per Direct Quotation u Dollars Required to Buy One Unit of Foreign currency 1.0745 2.2232 $0.9307 Australian dollar 04498 0.5982 Brazilian real 16717 1.0837 British pound 0.9228 6.2387 Canadian dollar 0.1603 Chinese yuan 5.4872 0.1822 Danish krone 0.7352 1.3602 EMU euro 222.60 0.00449235 Hungarian forint 3.4750 0.2878 israeli shekel 0.00982 Japanese yen 0.0779 12.8406 Mexican peso 0.0960 10.4171 South African rand Swedish krona 0.1505 6.6457 Swiss franc 1.1138 0.8979 Venezuelan bolivar fuerte 0.15748031 6.3500 Note column 2 equals 10 divided by column 1 However, rounding differences do occur source Adapted from me Wal street ournal lonline wsicom). May 30, 2014Step by Step Solution
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