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=1.00USD) 1.3305

Spot rate (USD=1.00AUD) 0.7611

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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Part 1

a. The Singapore dollar to Australian dollar cross rate is

SGDenter your response here/AUD.

(Round to four decimal places.)