Question
In: Finance
Problem 17-04 Exchange Rate If euros sell for $1.91 (U.S.) per euro, what should dollars sell...
Problem 17-04
Exchange Rate
If euros sell for $1.91 (U.S.) per euro, what should dollars sell for in euros per dollar? Round your answer to two decimal places.
Solutions
Expert Solution
If euros sell for $1.91 (U.S.) per euro, then for currency conversion to dollar into euro will be calculated as (1/Rate for Euros per Dollar).
Thus, dollars sell for in euros per dollar = (1/euros sell for US Dollar per euro)
= (1/1.91$) Euros
= 0.523560209 Euros
= 0.54 Euros per dollar
jeff jeffy answered 5 months agoRelated Solutions
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Daily Spot Exchange Rate, U.S. Dollars per Pound
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Date
Rate
Date
Rate
Date
Rate
1-Apr-04
1.8564
13-Apr-04
1.8160
23-Apr-04
1.7674
2-Apr-04
1.8293
14-Apr-04
1.7902
26-Apr-04
1.7857
5-Apr-04
1.8140
15-Apr-04
1.7785
27-Apr-04
1.7925
6-Apr-04
1.8374
16-Apr-04
1.8004
28-Apr-04
1.7720
7-Apr-04
1.8410
19-Apr-04
1.8055
29-Apr-04
1.7751
8-Apr-04
1.8325
20-Apr-04
1.7914
30-Apr-04
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9-Apr-04
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21-Apr-04
1.7720
3-May-04
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12-Apr-04
1.8358
22-Apr-04
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1.7907
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1.7584
21-May-04
1.7880
6-May-04
1.7941
14-May-04
1.7572
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1.7908
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1.7842
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1.7695
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Daily Spot Exchange Rate, U.S. Dollars per Pound
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Date
Rate
Date
Rate
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1.8684
13-Apr-04
1.8260
23-Apr-04
1.7674
2-Apr-04
1.8373
14-Apr-04
1.7702
26-Apr-04
1.7857
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1.8140
15-Apr-04
1.7785
27-Apr-04
1.7925
6-Apr-04
1.8674
16-Apr-04
1.8104
28-Apr-04
1.7720
7-Apr-04
1.8410
19-Apr-04
1.8155
29-Apr-04
1.7856
8-Apr-04
1.8525
20-Apr-04
1.7816
30-Apr-04
1.7844
9-Apr-04
1.8322
21-Apr-04
1.7620
3-May-04
1.7720
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1.8558
22-Apr-04
1.7684
4-May-04
1.7507
5-May-04
1.7732
13-May-04
1.7554
21-May-04
1.7880
6-May-04
1.7641
14-May-04
1.7692
24-May-04
1.7808
7-May-04
1.7942
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1.7595
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