Calculating cross exchange rates Exercise 2 Use these exchange rates to answer the questions below: Country China - yuan renminbi (CNY) Japan -yen (JPY) Argentina - peso (ARS) Vietnam dong (VND) Currency per U.S. $ 8.2871 119.040 2.975 16041 A Japanese manufacturing firm, Japanohondapokemon, placed a purchase order with Beijing conglomerate, Maydinchina, to procure 10,000 tons of raw materials at a cost of 9,030,200 yuan renminbi. How many yen does the Japanese firm have to exchange in order to pay the bill in yuan renminbi? A trader at well-known investment banking firm, Silverman Pouches, has an Argentinean client who is interested in investing in emerging markets. The trader suggests the purchase of Vietnamese government-issued bonds, currently selling at 1,604,100 Vietnamese dong (VND) per bond. How many Argentine pesos (ARS) will it cost if the client wants to purchase 250 bonds