TABLE 18.2 Exchange rates: July 9, 2018 Currency USD equiv per USD USD equiv Currency per USD Country/Currency Americas Argentina peso Brazil real Canada dollar Chile peso Ecuador US dollar Mexico peso Uruguay peso Venezuela bolivar Asia-Pacific Australia dollar 1-mo forward 3-mos forward 6-mos forward China yuan .0358 27.9173 .2582 3.8730 .7628 1.3110 .001537 605.6000 1 1 .0521 19.2036 .031870 31.380 .00000871 114.855.0001 Country/Currency Europe Czech Rep. koruna Denmark krone Euro area euro Hungary forint Norway Krone Poland zloty Romania leu Russia ruble Sweden krona Switzerland franc 1-mo forward 3-mos forward 6-mos forward Turkey lira UK pound 1-mo forward 3-mos forward 6-mos forward .04545 .1577 1.1733 .00363135 .1246 .2725 .2522 .01602 .1146 1.0086 1.0104 1.0156 1.0249 .2112 1.3258 1.3284 1.3319 1.3380 22 6.3431 .8523 275.38 8.0244 3.6701 3.9653 62.414 8.7241 .9915 .9897 .9846 .9757 4.7342 .7543 .7528 .7508 .7474 Hong Kong dollar India rupee Indonesia rupiah Japan yen 1-mo forward 3-mos forward 6-mos forward Malaysia ringgit New Zealand dollar Pakistan rupee Philippines peso Singapore dollar South Korea won Talwan dollar Thailand baht Vietnam dong .7467 .7464 .7464 .7469 .1511 .1274 .01457 .0000699 .00902 .00900 .00904 .00911 2482 .6838 .00821 .0187 .7371 .000B982 .03298 .03025 .0000434 1.3392 1.3397 1.3397 1.3389 6.6161 7.8485 68.6567 14308 110.84 111.06 110.58 109.73 4.0295 1.4624 121.740 53.393 1.3566 1.113.32 30.320 33.060 23040 Middle East Africa Bahrain dinar Egypt pound Israel shekel Kuwait dinar Oman sul rial Qatar rial Saudi Arabia riyal South Africa rand 2.6345 .0558 .2754 3.3049 2.59703 .2743 2666 .0746 .3796 17.918 3.6306 3026 .3900 3.6453 3.7506 13.4128 a. Which would you rather have $1,000 or $100,000? Why? b. Which would you rather have Bahrain dinars 1,000 or 1,000? Why? c. What is the cross-rate for Bahrain dinars in terms of European Euros? For European Euros in terms of Bahrain dinars? (75 POINTS)