The Channel Tunnel or "Chunnel" passes underneath the English Channel between Great Britain and France, a land-link between the Continent and the British Isles. One side is therefore an economy of British pounds, the other euros. If you were to check the Chunnel's rail ticket Internet rates you would find that they would be denominated in U.S. dollars (USD). For example, a first class round trip fare for a single adult from London to Paris via the Chunnel through RailEurope may cost

USD 173.00USD173.00.

This currency neutrality, however, means that customers on both ends of the Chunnel pay differing rates in their home currencies from day to day. What is the British pound and euro denominated prices for the

USD 173.00USD173.00

round trip fare in local currency if purchased on the following dates at the accompanying spot rates drawn from the Financial

Times?

(Click on the Date of Spot Rate British Pound Spot Rate (/$) Euro Spot Rate (/$) Monday 0.5685 0.8272 Tuesday 0.5699 0.8254 Wednesday 0.5801 0.8382

icon to import the table into a spreadsheet.) provided above monday - tuesday -wed

Date of Spot Rate	British Pound Spot Rate (/$)	Euro Spot Rate (euro/$)
Monday	0.56850.5685	0.82720.8272
Tuesday	0.56990.5699	0.82540.8254
Wednesday	0.58010.5801	0.83820.8382

Calculate the round trip RailEurope train fare in

pound

and

euro

below:(Round to two decimal places.)

	Spot Rate	Spot Rate		British		Continental
Date of Spot Rate	(/$)	(/$)		Train Fare		Train Fare
Monday	0.5685	0.8272