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 800 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
Note: Column 2 equals 1.0 divided by Column 1. However, rounding differences do occur.
Source: Adapted from The Wall Street Journal (online.wsj.com), August 28, 2017.
800 British pounds = $  
800 Canadian dollars = $  
800 EMU euros = $  
800 Japanese yen = $  
800 Mexican pesos = $  
800 Swedish kronas = $  

Solutions

Expert Solution

to get 800 of each currency we have to divide the 800 by indirect quote to get USD required .

i ii iii=800/ii
Rate $ required
800 British pounds 0.7763 $                 1,030.53
800 Canadian dollars 1.2483 $                    640.87
800 EMU euros 0.8387 $                    953.86
800 Japanese yen 109.36 $                        7.32
800 Mexican pesos 17.6164 $                      45.41
800 Swedish kronas 7.9651 $                    100.44

Related Solutions

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...
The table lists foreign exchange rates for August 30, 2018. On that day, how many dollars...
The table lists foreign exchange rates for August 30, 2018. On that day, how many dollars would be required to purchase 1,200 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: Thursday, August 30, 2018 Direct Quotation: U.S. Dollars Required to Buy One Unit of Foreign Currency (1) Indirect Quotation: Number of Units...
5.  Problem 19.05 (Exchange Rates) The table lists foreign exchange rates for August 25, 2017. On that...
5.  Problem 19.05 (Exchange Rates) 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. Sample Exchange Rates: Friday, August 25, 2017 Direct Quotation: U.S. Dollars Required to Buy One Unit of Foreign Currency (1) Indirect...
The follow table list foreign exchange rates between US dollars and British pounds (GBP) during April...
The follow table list foreign exchange rates between US dollars and British pounds (GBP) during April Date U.S. Dollars per GBP 4/1 1.9564 4/4 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 4/14 1.7902 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 4/29 1.7512 Which day would have been the best day to convert $200 into British pounds? Which day would...
Consider and describe how interest rates and exchange rates impact foreign direct investment and foreign exchange...
Consider and describe how interest rates and exchange rates impact foreign direct investment and foreign exchange money flows. Comment on PEG, Free Floating System, etc.
Foreign Exchange Rates Volatility You are kindly requested to collect the foreign exchange rates for the...
Foreign Exchange Rates Volatility You are kindly requested to collect the foreign exchange rates for the EUR, GBP, CAD, AUD, NZD and JPY, on monthly average bases, for the time period: 1/1/2016 – 31/12/2019. Question: Analyze the volatility of the six currencies over the time horizon identified and determine which currency has witnessed the highest volatility.
Compare operations of foreign exchange markets to domestic markets. Explain how foreign exchange rates, economic conditions,...
Compare operations of foreign exchange markets to domestic markets. Explain how foreign exchange rates, economic conditions, and the international business environment affect prices charged in foreign markets. Support your analysis with a current news source, such as electronic local newspapers, New York Times, International Business Times, Economic Times, or CNN News.
Compare operations of foreign exchange markets to domestic markets. Explain how foreign exchange rates, economic conditions,...
Compare operations of foreign exchange markets to domestic markets. Explain how foreign exchange rates, economic conditions, and the international business environment affect prices charged in foreign markets. Support your analysis with a current news source, such as electronic local newspapers, New York Times, International Business Times, Economic Times, or CNN News.
How DO exchange rates adjust to changes in foreign and domestic income, prices and interest rates?
How DO exchange rates adjust to changes in foreign and domestic income, prices and interest rates?
If the supply of dollars in the market for foreign-currency exchange shifts left, then the exchange rate
  If the supply of dollars in the market for foreign-currency exchange shifts left, then the exchange rate rises and the quantity of dollars exchanged falls. rises and the quantity of dollars exchanged does not change. rises and the quantity of dollars exchanged rises. falls and the quantity of dollars exchanged does not change. If a country has a trade deficit It has positive net exports and positive net capital outflow. It has positive net exports and negative net capital...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT