Take a look back at Table 18.2 to answer the following questions:

a. If you have $100, how many Polish zlotys can you get?

b. How much is one euro worth? If you have five million euros, how many dollars do you have?

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

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

e. How many Swiss francs can you get for a euro? What do you call this rate?

f. Per unit, what is the most valuable currency of those listed? The least valuable? (5 marks X6=30 marks)

TABLE 182 Exchange Rates: New York Closing Snapshot for Friday, November 28, 2014 Country Currency USD equi Currency US$ per USD YTD chg Country/Currency USD oqul Currency US$ vs. per USD YTD * chg Americas Argentina peso .1173 8.5280 30.8 Brazil real 3897 2.5658 8.6 Canada dollar 8759 1.1417 7.5 Chile peso .001642 609.1060 15.8 Colombia peso 0004511 2217 14.9 Ecuador US dollar 1 1 unch Mexico peso 0718 13.9334 6.8 Peru new sol 3424 2.9210 4.2 Uruguay peso 04247 23.545 11.1 Venezuela b. fuerte .15748031 6.3500 unch Europe Czech Rep. koruna Denmark krone Euro area ouro Hungary forint Norway Krone Poland Hoty Romania leu Russia ruble Sweden krona Switzerland franc 1 mos forward 3-mos forward 6-mos forward Turkey lira UK pound 1-mos forward 3-as forward 6 mos forward 04507 22.188 .1673 5.9757 1.2452 8031 00406209 246.1800 .1422 7.0305 2976 3.3598 2808 3.5617 01989 50.274 1342 7.4518 1.0357 .9655 1.0362 9651 1.0369 .9644 1.0382 .9632 4505 2.2200 1.5649 6390 15646 6391 1.5639 6394 1.5626 6400 11.6 10.1 10.4 13.9 15.8 11.1 9.5 52.7 15.8 8.1 7.5 7.5 1.4 3.3 4.8 4.6 4.6 4.7 1.4 unch 5.5 5.5 5.5 Asia Pacific Australian dollar 1-mos forward 3-mos forward 6-mos forward China yuan Hong Kong dollar India rupee Indonesia rupiah Japan yen 1-mos forward 3-mos forward 6 mos forward Malaysia ringgit New Zealand dollar Pakistan rupee Philippines peso Singapore dollar South Korea won Taiwan dollar Thailand bat Vietnam dong 8507 1.1755 .8489 1.1780 8452 1.1831 8397 1.1909 1628 6.1431 129 7.7546 01606 62.25095 0000817 12246 00843 118.62 00844 118.54 00844 118.49 00845 118.37 3.3887 7843 1.2750 00982 101.805 0223 44.005 7667 113043 0008983 11132 03226 30.999 03045 32843 00005 21355 unch 28 12.3 4 2951 7 126 11.2 112 15: 132 48 3.4 12 3 4 Middle East Africa Bahrain dinar Egypt pound Israel Shekel Jordan dinar Kenya shilling Kuwait dinar Lebanon pound Saudi Arabia riyad South Africa and UAE dirham 2.6516 1399 2567 1.4187 01109 3.429 0006612 2665 0903 2723 3771 7.1471 3.8950 .7049 90.149 2916 1512.45 37529 11.0695 3.6731 33 5 1 5.5 unch