Question
The table shown at the link here is taken straight from the Wall Street Journals web site. Take Thursday's rates to answer 1a and 1b.
The table shown at the link here is taken straight from the Wall Street Journals web site. Take Thursday's rates to answer 1a and 1b. Use only the figures from this table and not other figures you find online. You may round off your answer to 2 decimal places, but as you calculate do not round off rates to fewer than four decimal places. ForEx Sep 6 2018.pdf
Show how you arrive at your answer. E.g. to answer the question, How much is $16 is worth in South African rand?, if $1 = 15.3332 rand, write out $16 x 15.3332 = 245.3312 rand, or note that 1 rand = US$ 0.0652 and write out $16/0.0652 = 245.3988.
What are 25,000 (GBP) worth in US dollars?
What are 10,000 Japanese yen worth in terms of euros? (Use only figures in the table provided to reach your answer.)
In the table, has the Canadian dollar gained or lost value from Wednesday to Thursday, and how can you tell?
Suppose the US dollar gains 10% in value against other currencies? Will this help or hinder US exports, and why? (Answer in one sentence.)
06, 2018 Thursday, September u.s dollar foreign-exchange rates in late New York trading USS vs. % CHG PER US$ Wed Thurs 37 4202 4.0534 1.3142 0.0259 38.6203 Argentina peso Brazil real Canada dollar Chile peso 0.7589 0.001456 0001458 07609 686.1 19.3423 Mexico peso Uruguay peso Venezuela bolivar Asla-Pacific Australian dollar 0.00000403 2401878.4 248409.0001 6.8352 78493 ayuan Kong dollar 7.8481 71.755 0.0000672 0.000067 0.00697 0.1236965 0.123692 Kazakhstan tenge Macau pataca Malaysia ringgit New Zealand dollar Pakistan rupee 0.32 0.6591 0.00812 0.00812 123.12 Singapore dollar South Korea won Sri Lanka rupee Taiwan dollar Thailand baht Vietnam dong 0.7276 0.0061877 0.0061648 0.03248 0.00004289 0.00004289 0.59467 0.04519 0.59432 6.3967 6.3895 Czech Rep, koruna Denmark krone Euro area euro Hungary forint Iceland krona 0.8603 0.00356595 0.00355139 0.009025 0.009143 8.3987 0.01466 88.213 9.0558 Switzerlannd frane urkey lira Middie East/Africa Bahrain dinar 0.0559 17.8805 0.303 Oman sul rial Saudia Arabia Source: Tullett Prebon 2.59744Step by Step Solution
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