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 2 months agoRelated Solutions
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Date
Rate
Date
Rate
Date
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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
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1.8140
15-Apr-04
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27-Apr-04
1.7925
6-Apr-04
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16-Apr-04
1.8004
28-Apr-04
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1.8410
19-Apr-04
1.8055
29-Apr-04
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1.7941
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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
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1.8525
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1.7816
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1.7844
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1.8322
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1.7620
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1.7720
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1.8558
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1.7684
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1.7507
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1.7732
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1.7880
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