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PLEASE HELP CORRECT PART B, 1132.78 WAS INCORRECT Anne Dietz at Changi #3 (Singapore). Anne Dietz lives in Singapore, but is making her first business
PLEASE HELP CORRECT PART B, 1132.78 WAS INCORRECT
Anne Dietz at Changi #3 (Singapore). 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 1,100 Singapore dollars (S$ or SGD) for Australian dollars (A$ or AUD). What Anne sees: Spot rate (SGD = 1.00 USD) Spot rate (USD = 1.00 AUD) 1.3447 0.7658 a. What is the Singapore dollar to Australian dollar cross rate? b. How many Australian dollars will Anne get for her Singapore dollars? a. What is the Singapore dollar to Australian dollar cross rate? The cross rate is SGD 1.0298 /AUD. (Round to four decimal places.) b. How many Australian dollars will Anne get for her Singapore dollars? Anne will get AUD 1132.78. (Round to two decimal places.)Step by Step Solution
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