round the answer to 2 decimal places in example 32.16
On July 15, 2016, you convert 540,000 U.S. dollars to Japanese yen in the spot foreign exchange market and purchase a six-month forward contract to convert yen into dollars. How much will you receive in U.S. dollars at the end of six months? Use the data in Table 9-1 for this problem. (Round your answer to 2 decimal places. (0.9., 32.16)) Amount that you will receive in U.S. dollars at the end of six months 100% PER US$ Fri Thurs TABLE 9-1 Foreign Currency Exchange Rates Exchange Rates: New York Closing Snapshot Friday, July 15, 2016 U.S.-dollar foreign-exchange rates in late New York trading IN US$ Country/currency Fri Thurs Americas Argentina peso 0.0669 0.0679 Brazil real 0.3050 0.3074 Canada dollar 0.7709 0.7758 1-month forward 0.7709 0.7758 3-months forward 0.7710 0.7759 6-months forward 0.7711 0.7760 0.001526 0.001538 Colombia peso 0.0003422 0.0003429 Ecuador US dollar 1 Mexico peso 0.0537 0.0545 Peru new sol 0.3050 0.3049 Uruguay peso 0.03294 0.03299 Venezuela bolivar 0.1000996 0.10014972 14.9390 3.2784 1.2972 1.2971 1.2970 1.2968 655.10 14.7260 3.2533 1.2891 1.2890 1.2889 1.2887 Chile peso 650.40 2916.55 2922.25 1 1 18.3528 3.2795 18.6066 3.2785 30.3600 9.9901 30.3100 9.9851 Asia-Pacific Australian dollar 0.7575 China yuan 0.7632 0.1497 0.1290 1.3103 6.6818 Hong Kong dollar 1.3201 6.6924 7.7546 67.14050 0.1494 0.1290 0.01489 0.0000763 India rupee 7.7543 66.84320 13037 Indonesia rupiah Japan yen 1-month forward 3-months forward 6-months forward Kazakhstan tenge 0.00953 0.0095320 0.0095320 0.01496 0.0000767 0.00949 0.0094918 0.00949235 0.00949237 0.00295 13110 104.91 104.90991 104.90980 104.90961 105.35 105-35397 105-34796 105-34777 0.0095320 0.00295 339.27 339.33 0.1253039 0.2542 Macau pataca Malaysia ringgit New Zealand dollar Pakistan rupee Philippines peso Singapore dollar South Korea won 0.1251643 0.2522 0.7118 0.00955 7.990 3.9657 1.4049 0.7199 0.00954 7.981 3.9335 1.3891 104.80 46.8900 104.72 0.0214 0.0213 0.7420 0.0008784 1.3423 46.7930 1.3477 1138.47 0.7450 0.0008831 1132.42 LOCUL V DAS 0.02860 0.02855 0.00004488 34.970 22310 35.030 22282 0.00004482 0.56844 0.1484 1.774 6.7973 0.56367 0.1471 0.04084 0.1483 1.1037 1.759 6.7387 24.309 6.6888 0.04114 0.1495 1.1121 Thailand baht Vietnam dong Europe Bulgaria lev Croatia kuna Czech Rep. koruna Denmark krone Euro area euro 1-month forward 3-months forward 6-months forward Hungary forint Iceland Krona Norway Krone Poland zloty Romania leu Russia ruble 24.489 6.7422 0.9061 0.9048 0.9026 0.8990 1.1052 1.1079 1.1135 1.1163 1.1207 0.00353782 0.008219 0.1196 285.72 1.1123 0.00349993 0.008237 0.1179 0.2492 0.2463 0.01570 0.1164 1.0175 1.0193 0.2522 0.8992 0.8980 0.8958 0.8923 282.66 121.67 8.3631 3.9645 4.0339 62.904 8.4973 0.9809 0.9791 121.41 8.4836 4.0126 4.0603 63.706 8.5882 0.9828 0.9810 0.2479 0.01590 Sweden krona 0.1177 1.0195 Switzerland franc 1-month forward 3-months forward 1.0213 1.0229 1.0249 0.9776 0.9757 1.0195 0.9809 0.9791 1.0213 Switzerland franc 1-month forward 3-months forward 6-months forward Turkey lira 1.0175 1.0193 1.0229 1.0286 0.9828 0.9810 0.9776 0.9722 3.0198 1.0249 1.0306 0.3474 0.9757 0.9703 2.8783 0.3311 0.0404 24.7535 0.0404 1.3188 1.3344 1.3192 1.3202 1.3221 1.3348 1.3358 24.7590 0.7583 0.7581 0.7575 0.7564 0.7494 0.7492 0.7486 0.7475 1.3377 Ukraine hryvnia UK pound 1-month forward 3-months forward 6-months forward Middle East/Africa Bahrain dinar Egypt pound Israel shekel Kuwait dinar Oman sul rial Qatar rial Saudia Arabia riyal South Africa rand 2.6500 0.1127 0.2580 3.3113 2.6506 0.1126 0.2597 3.3097 2.59663 0.2746 0.2666 0.3774 8.8726 3.8767 0.3020 0.38 3.6387 0.3773 8.8782 3.8511 0.3021 0.39 3.6422 2.59912 0.2748 0.2668 0.0690 3.7475 3.7503 14.2255 0.0703 14:5015