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You are a student just came back from Canada to Manila, Philippines. You still have CAD $1500 from your trip and could exchange them for

You are a student just came back from Canada to Manila, Philippines. You still have CAD $1500 from your trip and could exchange them for dollars at the airport. The airport foreign exchange desk will buy your dollars at CAD/PHP 39.3020 You met a tourist at the airport who is from Philippines and is on his way to Canada. He is willing to buy your C$1500 for 60,000 pesos. Should you accept the offer or cash the Canadian dollars in at the airport? State your gain or loss in PHP. Show your calculations

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