Vietnamese Coffee

Coyote.

Many people were surprised when Vietnam became the second largest coffee producing country in the world in recent years, second only to Brazil. The Vietnamese dong, VND or d, is managed against the U.S. dollar but is not widely traded. If you were a traveling coffee buyer for the wholesale market (a "coyote" by industry terminology), which of the following currency rates and exchange commission fees would be in your best interest if traveling to Vietnam on a buying trip?(Click on the

icon to import the table into a spreadsheet.)

Currency Exchange	Rate (d)	Commission (%)
Vietnamese bank rate	19 comma 80019,800	2.452.45
Saigon Airport exchange bureau rate	19 comma 49019,490	1.951.95
Hotel exchange bureau rate	19 comma 41019,410	1.551.55

NOTE: Assume an initial cash amount of

$ 1.00

The combined exchange rate and commission for the bank is

dnothing.

(Round to two decimal places.)