Question
In: Finance
The table lists foreign exchange rates for August 25, 2017. On that day, how many dollars...
The table lists foreign exchange rates for August 25, 2017. On that day, how many dollars would be required to purchase 1,100 units of each of the following: British pounds, Canadian dollars, EMU euros, Japanese yen, Mexican pesos, and Swedish kronas? Use the direct quotation for your calculations. Round your answers to the nearest cent.
| Sample Exchange Rates: Friday, August 25, 2017 | ||
| Direct Quotation: U.S. Dollars Required to Buy One Unit of Foreign Currency (1) |
Indirect Quotation: Number of Units of Foreign Currency per U.S. Dollar (2) |
|
| Australian dollar | $0.7930 | 1.2610 |
| Brazilian real | 0.3160 | 3.1590 |
| British pound | 1.2881 | 0.7763 |
| Canadian dollar | 0.8011 | 1.2483 |
| Chinese yuan | 0.1504 | 6.6482 |
| Danish krone | 0.1603 | 6.2392 |
| EMU euro | 1.1924 | 0.8387 |
| Hungarian forint | 0.00392003 | 255.10 |
| Israeli shekel | 0.2791 | 3.5834 |
| Japanese yen | 0.00914 | 109.36 |
| Mexican peso | 0.0568 | 17.6164 |
| South African rand | 0.0768 | 13.0178 |
| Swedish krona | 0.1255 | 7.9651 |
| Swiss franc | 1.0454 | 0.9566 |
| Venezuelan bolivar fuerte | 0.10014972 | 9.9851 |
| 1,100 British pounds | = | $ |
| 1,100 Canadian dollars | = | $ |
| 1,100 EMU euros | = | $ |
| 1,100 Japanese yen | = | $ |
| 1,100 Mexican pesos | = | $ |
| 1,100 Swedish kronas | = | $ |
Solutions
Expert Solution
| 1,100 British pounds | 1416.91 | $ |
| 1,100 Canadian dollars | 881.21 | $ |
| 1,100 EMU euros | 1311.64 | $ |
| 1,100 Japanese yen | 10.054 | $ |
| 1,100 Mexican pesos | 62.48 | $ |
| 1,100 Swedish kronas | 138.05 | $ |
jeff jeffy answered 5 months agoRelated Solutions
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The table lists foreign exchange rates for August 25, 2017. On
that day, how many dollars would be required to purchase 600 units
of each of the following: British pounds, Canadian dollars, EMU
euros, Japanese yen, Mexican pesos, and Swedish kronas? Use the
direct quotation for your calculations. Round your answers to the
nearest cent.
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2017
Direct Quotation:
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1.9564
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1.9293
4/5
1.914
4/6
1.9374
4/7
1.961
4/8
1.8925
4/11
1.8822
4/12
1.8558
4/13
1.796
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4/15
1.7785
4/18
1.7504
4/19
1.7255
4/20
1.6914
4/21
1.672
4/22
1.6684
4/25
1.6674
4/26
1.6857
4/27
1.6925
4/28
1.7201
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