Table 2.4: Select Foreign Exchange Rates Monthly Historical Exchange Rates (E-# units of foreign currency/SU.S.) End Date EUR/US.D GBP/U.S.D CAD/U.S.D GHC/U.S.D MXN/U.S.D 3/31/2016 0.8987 0.7018 1.3225 38,373.70 17.6284 2/29/2016 0.9005 0.6987 1.3793 39,444.80 18.4529 1/31/2016 0.9203 0.6938 1.4179 38,911.16 18.0054 12/31/2015 0.9177 0.6665 1.3709 37,927.33 17.0652 11/30/2015 0.9316 0.6581 1.3278 37,926.67 16.6302 10/31/2015 0.8909 0.6522 1.3063 37,707.29 16.5663 9/30/2015 0.8898 0.6519 1.3263 38,586.26 16.8362 8/31/2015 0.8982 0.6416 1.3143 39,923.22 16.5189 7/31/2015 0.9084 0.6426 1.2829 36,513.62 15.926 6/30/2015 0.8911 0.6419 1.235 42,604.49 15.479 5/31/2015 0.8957 0.6473 1.2177 39,331.67 15.2667 Period Average 0.6633 1.3183 16.7614 0.9039 38,840.93 Peripd Low 0.8898 0.6416 1.2177 36,513.62 15.2667 Period High 0.9316 0.7018 1.4179 42,604.49 18.4529 Average monthly BID rates@+/-0 % www.oanda.com/currency/historical-rates/ eral is charges Table 2.4 lists various nominal exchange rates for the U.S. Compare the Euro/Dollar exchange rates in March 31, 2016 to November 30/2015. If you planned to vacation in France on one of these days with a constrained budget, holding all else constant, which day would you choose to travel? Why? 14. Table 2.4: Select Foreign Exchange Rates Monthly Historical Exchange Rates (E-# units of foreign currency/SU.S.) End Date EUR/US.D GBP/U.S.D CAD/U.S.D GHC/U.S.D MXN/U.S.D 3/31/2016 0.8987 0.7018 1.3225 38,373.70 17.6284 2/29/2016 0.9005 0.6987 1.3793 39,444.80 18.4529 1/31/2016 0.9203 0.6938 1.4179 38,911.16 18.0054 12/31/2015 0.9177 0.6665 1.3709 37,927.33 17.0652 11/30/2015 0.9316 0.6581 1.3278 37,926.67 16.6302 10/31/2015 0.8909 0.6522 1.3063 37,707.29 16.5663 9/30/2015 0.8898 0.6519 1.3263 38,586.26 16.8362 8/31/2015 0.8982 0.6416 1.3143 39,923.22 16.5189 7/31/2015 0.9084 0.6426 1.2829 36,513.62 15.926 6/30/2015 0.8911 0.6419 1.235 42,604.49 15.479 5/31/2015 0.8957 0.6473 1.2177 39,331.67 15.2667 Period Average 0.6633 1.3183 16.7614 0.9039 38,840.93 Peripd Low 0.8898 0.6416 1.2177 36,513.62 15.2667 Period High 0.9316 0.7018 1.4179 42,604.49 18.4529 Average monthly BID rates@+/-0 % www.oanda.com/currency/historical-rates/ eral is charges Table 2.4 lists various nominal exchange rates for the U.S. Compare the Euro/Dollar exchange rates in March 31, 2016 to November 30/2015. If you planned to vacation in France on one of these days with a constrained budget, holding all else constant, which day would you choose to travel? Why? 14