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Anne Dietz at Changi #3. Anne Dietz lives in Singapore, but is making her first business trip to Sydney, Australia. Standing in Singapore's new
Anne Dietz at Changi #3. Anne Dietz lives in Singapore, but is making her first business trip to Sydney, Australia. Standing in Singapore's new terminal #3 at Changi Airport, she looks at the foreign exchange quotes posted over the FX trader's booth. She wishes to exchange 5,000 Singapore dollars (S$ or SGD) for Australian dollars (A$ or AUD). What Anne sees: Spot rate (SGD = 1.00 USD) Spot rate (USD = 1.00 AUD) 1.3495 0.7618 a. What is the Singapore dollar to Australian dollar cross rate? b. How many Australian dollars will Anne get for her Singapore dollars?
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