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Andre is a currency trader for National Savings Bank. Each day, he decides how to trade the currency he has for currencies from other countries
Andre is a currency trader for National Savings Bank. Each day, he decides how to trade the currency he has for currencies from other countries in an effort to turn a profit. Andre monitors currency prices in ratio to one another. As of March 24, 2006, for example, it took $1.1275 Canadian to purchase $1.00 U.S. Andre determines the number of U.S. dollars needed to purchase one Canadian dollar by dividing $1.00 U.S. / $1.1675 Canadian= $0.8565 U.S. to make profitable trades, Andre needs to know the conversion rates between the currencies of many countries at once. 2. Andre learns that the Taiwan dollar is worth .3329 Mexican pesos. Andre has 10,000,000 Mexican pesos. How many Taiwanese dollars can he buy
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