Chapter 20 Discussion and Lecture Comments

200 word count

Currency Trading

Currencies of various nations are valued by the market in relation to other currencies. The rates are available daily on many websites, such as the Universal Currency Converter (www.xe.com/ucc (Links to an external site.)), CNNMoney (http://money.cnn.com/markets/currencies/ (Links to an external site.)), or Yahoo Finance (www.finance.yahoo.com (Links to an external site.)). Using one of these sources, determine the following:

1. What is the value in United Kingdom pounds of 100 U.S. dollars?
2. How many Canadian dollars will 20 U.S. dollars buy?
3. What is the value in euros of 100 United Kingdom pounds?
4. How many euros will 1,000 Japanese yen buy?
5. What is the value in Mexican pesos of 100 Canadian dollars?
6. How many Japanese yen will 500 United Kingdom pounds buy?
7. How many U.S. dollars would it take to buy $1,000 in Canadian dollars?