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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 terminal
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) 1.3348 Spot rate (USD = 1.00 AUD) 0.7595 a. What is the Singapore dollar to Australian dollar cross rate? b. How many Australian dollars will Anne get for her Singapore dollars? a. The Singapore dollar to Australian dollar cross rate is SGD AUD. (Round to four decimal places.) b. The amount of Australian dollars Anne will get for her Singapore dollars is AUD ). (Round to the nearest cent.)
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