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The table lists foreign exchange rates for August 30, 2018. On that day, how many dollars would be required to purchase 1,000 units of each
The table lists foreign exchange rates for August 30, 2018. On that day, how many dollars would be required to purchase 1,000 units of each of the following: British pounds, Canadian dollars, EMU euros, Japanese yen, Mexican pesas, and Swedish kronas? Use the direct quotation for your calculations. Round your answers to the nearest cent. Sample Exchange Rates: Thursday, August 30, 2018 Direct Quotation: Indirect Quotation: U.S. Dollars Required to Number of Units of Buy One Unit of Foreign Currency per Foreign Currency U.S. Dollar (1) (2) 2) Australian dollar 0.7264 1.3767 Brazilian real 0.2409 4.1504 British pound 1.3009 0.7687 Canadian dollar 0.7702 1.2984 Chinese yuan 0.1461 6.8448 Danish Krone 0.1565 6.3889 EMU euro 1.1670 0.8569 Hungarian forint 0.00357015 280.10 Israeli shekel 0.2767 3.6136 Japanese yen 0.00901 110.99 Mexican peso 0.0523 19.1133 South African rand 0.0679 14.7205 Swedish Krona 0.1096 9.1200 Swiss franc 1.0317 0.9693 Venezuelan bolivar fuerte 0.00000403 248409.0001 Note: Column 2 equals 1.0 divided by Column 1. However, rounding differences do occur. Source: Adapted from The Wall Street Journal (www.wsj.com), August 30, 2018. = = $ = $ = $ 1,000 British pounds 1,000 Canadian dollars 1,000 EMU euros 1,000 Japanese yen 1,000 Mexican pesos 1,000 Swedish kranas =$ = $ = $
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