LO 1 2. Using the Cross-Rate Use the information in Table 18.2 to answer the following questions: a. Which would you rather have, $100 or 100? Why? b. Which would you rather have, $100 Canadian or 100? Why? C. What is the cross-rate for Canadian dollars in terms of British pounds? For British pounds in terms of Canadian dollars? Table 7 to encuar the TABLE 18.2 Country/Currency Americas Argentina peso Brazil real Canada dollar Chile peso Ecuador US dollar Mexico peso Uruguay peso Venezuela bolivar Asia-Pacific Australia dollar 1-mo forward 3-mos forward 6-mos forward China yuan Hong Kong dollar India rupee Indonesia rupiah Japan yeni 1-mo forward 3-mos forward 6-mos forward Malaysia ringgit New Zealand dollar Pakistan rupee Philippines peso Singapore dollar South Korea won Taiwan dollar Thailand baht Vietnam dong Exchange rates: July 9, 2018 Currency per USD USD equiv 0358 27.9173 2582 3.8730 .7628 .001537 1.3110 605.6000 1 0521 031870 1 19.2036 31.380 .00000871 114,855.0001 .7467 1.3392 .7464 1.3397 .7464 1.3397 .7469 1.3389 1511 6.6161 7.8485 .1274 .01457 68.6567 0000699 14308 .00902 110.84 .00900 111.06 .00904 110.58 .00911 109.73 .2482 4.0295 .6838 1,4624 .00821 121.740 0187 53.393 .7371 1.3566 .0008982 1,113.32 .03298 30.320 03025 33.060 .0000434 23040 Country/Currency Europe Czech Rep. koruna Denmark krone Euro area euro Hungary forint Norway krone Poland zloty Romania leu Russia ruble Sweden krona Switzerland franc 1-mo forward 3-mos forward 6-mos forward. 1-mo forward 3-mos forward 6-mos forward Middle East/Africa Bahrain dinar Egypt pound Israel shekel Kuwait dinar Oman sul rial Qatar rial Saudi Arabia riyal South Africa rand. Turkey lira UK pound USD equiv 04545 .1577 1.1733 00363135 .1246 2725 .2522 01602 1146 1.0086 1.0104 1.0156 1.0249 2112 1.3258 1.3284 1.3319 1.3380 2.6345 0558 2754 3.3049 2.59703 2743 .2666 .0746 Currency per USD 22 6.3431 .8523 275.38 8.0244 3.6701 3.9653 62.414 8.7241 .9915 .9897 .9846 .9757 4.7342 .7543 .7528 .7508 7474 .3796 17.918 3.6306 .3026 3900 3.6453 3.7506 13.4128