QUESTION 27

Your parents just came back from Mexico. They still have 5,000 pesos from their trip and the current exchange rate at Bank of Griffith is $0.063 per peso. You are planning to travel France in a month time and your parents offered you to sell their pesos at $0.060 per peso. If Bank of Griffith offers to sell euro for 25 pesos per euro and 0.61 euro per AUD, should you take your parents f offer and convert pesos to euro? Show all the workings and justify your(use up to 3 decimal places).