Use the information in Table 18.2 to answer the following questions: TABLE 18.2 Exchange rates: July 9, 2018 USD equiv Currency per USD USD equiv Currency per USD .0358 27.9173 2582 3.8730 .7628 1.3110 .001537 605.6000 1 .0521 19.2036 .031870 31.380 .00000871 114,855.0001 1 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 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 Taiwan dollar Thailand baht Vietnam dong .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 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 Middle East/Africa Bahrain dinar Egypt pound Israel Shekel Kuwait dinar Oman sul rial Qatar rial Saudi Arabia riyal South Africa rand 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 .7467 .7464 .7464 -7469 .1511 .1274 .01457 ,0000699 .00902 .00900 .00904 .00911 2482 .6838 .00821 .0187 .7371 .0008982 .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 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? Show the work on Excel. Provide the formula