Topic is exchange rates

2005 November 2006 November Units of Hong Units of US Units of Hong Units of US Currency Kong dollar dollar per Kong dollar dollar per per unit of unit of foreign per unit of unit of foreign foreign currency foreign currency currency currency Thai baht 1.5812 0.0325 1.5889 0.0312 a. How many units of Thai baht is needed to purchase HK$ 1 in 2005 November and 2006 November? Show solution. b. How many units of Thai baht is needed to purchase US$ 1 in 2005 November and 2006 November. Show solution