Problem 18-1 Using Exchange Rates [LO 1]

Use the information below to answer the following questions. (Enter your answer as directed, but do not round intermediate calculations.)

	U.S. $ EQUIVALENT	CURRENCY PER U.S. $
Polish Zloty	.2979	3.3566
Euro	1.2213	.8188
Mexican Peso	.0752	13.2987
Swiss Franc	1.0183	.9820
Chilean Peso	.002071	482.80
New Zealand Dollar	.8087	1.2365
Singapore Dollar	.8011	1.2483

Requirement 1:

If you have $160, how many Polish zlotys can you get? (Do not include the Polish zlotys sign (Z). Round your answer to 2 decimal places (e.g., 32.16).)

Amount

Z

Requirement 2:

How much is one euro worth in U.S. dollars? (Round your answer to 4 decimal places (e.g., 32.1616).)

Worth of one euro

$

Requirement 3:

If you have 5.70 million euros, how many dollars do you have? (Enter your answer in dollars, not millions of dollars (e.g., 1,234,567). Round your answer to the nearest whole dollar amount (e.g., 1,234,567).)

Amount

$

Requirement 4:

Which is worth more, a New Zealand dollar or a Singapore dollar?

(Click to select)Singapore dollarNew Zealand dollar

Requirement 5:

Which is worth more, a Mexican peso or a Chilean peso?

(Click to select)Chilean pesoMexican peso

Requirement 6:

(a)	How many Swiss francs can you get for a euro? (Round your answer to 4 decimal places. (e.g., 32.1616).)

Amount

SF/