You work for a retail travel consultant. You have been asked to obtain a price for a New Zealand hiking tour on behalf of a customer. The organisation that will deliver the tour services confirms it will charge the customer $2,480 New Zealand dollars.

Q11 If the customer were to go ahead with the transaction today, how much would they be charged by the organisation providing the tour? (Commission will not be paid on this part of the transaction.)

Q12

Describe the process you used to obtain your answer.

Q13

What are the two exchange rates that are used as the base to calculate the required currency conversion? Explain how the information of these exchange rates helps the salesperson or dealer to accurately calculate the currency conversion.