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Use xe.com to solve the following questions. Illustrate the steps. 1) Mike is thinking about going to Australia for vacation, how many AUD will
Use xe.com to solve the following questions. Illustrate the steps. 1) Mike is thinking about going to Australia for vacation, how many AUD will he receive if he converts $1,000 USD, without a currency exchange fee? 2) Mike is also thinking of taking a trip to Brazil, how many BRL will he receive if he converts $1,000 USD, without a currency exchange fee? 3) Instead of taking two trips Mike is now considering taking one long trip where he will go from the USA to Brazil and then to Australia. If he starts with $2,000 USD, how many BRL will he receive, without a currency exchange fee? While in Brazil Mike spends 1000 BRL, how many AUD will he receive when he converts his money into AUD, without a currency exchange fee? If Mike spends 1000 AUD while in Australia, how many USD will he receive when he converts his money back in the USA, without a currency exchange fee? 4) Ali is thinking about going to Japan for vacation, how many JPY will she receive if she converts $1,000 USD, with a 2% currency exchange fee? 5) Ali is also thinking of taking a trip to New Zealand, how many NZD will she receive if she converts $1,000 USD, with a 2% currency exchange fee? 6) Instead of taking two trips Ali is now considering taking one long trip where she will go from the USA to Japan and then to New Zealand. If she starts with $2,000 USD, how many JPY will she receive, with a 2% currency exchange fee? While in Japan Ali spends 100,000 JPY, how many NZD will she receive when she converts her money into NZD, with a 2% currency exchange fee? If Ali spends 1000 NZD while in New Zealand, how many USD will she receive when she converts her money back in the USA, with a 2% currency exchange fee?
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