Question
Please respond to the following discussion: I want to buy a new laptop in Japan, so I'm going to change some US dollars into Japanese
Please respond to the following discussion:
I want to buy a new laptop in Japan, so I'm going to change some US dollars into Japanese yen. As of Feb, 2022, 1 US dollars is equal 136,33 Japanese yen. I'm going to spend $1,400 on a laptop.
Using the calculation I am provided in the lesson, here's what the calculation looks like for the purchase:
1,400 US dollars X 136,33 Japanese yen per US dollar = 190,86 Japanese yen
Therefore, my laptop purchase in Japanese yen will be 190,86 yen.
When shopping for the laptop, I'll need to be aware of the exchange rate because it can change daily. For instance, if the exchange rate goes down, I'll have to pay more yen for the same laptop. On the other hand, if the exchange rate goes up, I'll be able to buy the same laptop for less yen.
I chose to pay in Japanese yen because the yen is a stable and reliable currency. The Japanese yen is a "safe-haven" currency, which means that its value usually stays the same when the economy or government is in trouble. This is important to me because I want to make sure that when I buy the laptop, I get the most for my money.
Also, the Japanese yen is a major currency, which means that many countries around the world accept it. This makes it easy for me to buy something in a foreign country, since I'll be able to use the currency I'm already used to.
The yen is also used as a reserve currency around the world. This means that when other countries' economies are in trouble, they often store their money in the Japanese yen as a safe place. This makes the Japanese yen a stable and reliable currency, which I want when I'm buying something big like a laptop.
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