need help 3 questions College Paper Lab | collegepaperslab.com

Business Finance

need help 3 questions College Paper Lab | collegepaperslab.com

Foreign
Exchange Exercise

Use
the foreign exchange rate tables
to complete these exercises:

Please answer the following questions.  Show
all work
to receive full credit.  Do
not use foreign exchange calculators found on the Internet.

1. 

You are
visiting Cabo San Lucas, Mexico and you run into your favorite fast food
restaurant, Burger King.  You could
really go for a Whopper.  In the States,
you know that a Whopper cost you $2.49. 
The price in Mexico is 35 Pesos.  Where
do you get a better deal?

2. 
Your Grandfather has just left you $300,000 and
you have decided to buy a vacation home in Italy.  Italy’s currency is the Euro.  You are watching House Hunters International
and you see a house that is right up your alley.  You wonder if you would be able to afford a
property like this.  The realtor says the
Asking Price is 275,000 Euro.  Did Gramps
leave you a large enough inheritance? 

3. 
You are looking to purchase a new I Pad on the
internet.  You come across one, but it is
on a Japanese website and the price is listed in Yen.  The price asked is 60,000 Yen, with free
shipping.  You know that I Pads cost
about $450 in the US.  Does the website
offer a good deal?

 

 

 

 

 

   

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

   

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

   

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

U.S.-dollar
  foreign-exchange rates in late New York Trading

 

 

Country/currency

 

 

in
  US$

 

 

per
  USD $

 

 

Americas

 

 

Argentina
  peso

 

 

0.1137

 

 

8.7912

 

 

Brazil
  real

 

 

0.3094

 

 

3.2882

 

 

Canada
  dollar

 

 

0.7966

 

 

1.2716

 

 

Chile
  peso

 

 

0.001583

 

 

640.3

 

 

Colombia
  peso

 

 

0.0003884

 

 

2631

 

 

Ecuador
  US dollar

 

 

1

 

 

1

 

 

Mexico
  peso

 

 

0.0664

 

 

15.2763

 

 

Peru
  new sol

 

 

0.3243

 

 

3.0995

 

 

Uruguay
  peso

 

 

0.03899

 

 

25.56

 

 

Venezuela
  bolivar

 

 

0.15888274

 

 

6.294

 

 

Asia-Pacific

 

 

Australian
  dollar

 

 

0.7776

 

 

1.307

 

 

China
  yuan

 

 

0.1612

 

 

6.1946

 

 

Hong
  Kong dollar

 

 

0.1289

 

 

7.7594

 

 

India
  rupee

 

 

0.01606

 

 

62.4838

 

 

Indonesia
  rupiah

 

 

0.0000768

 

 

13069

 

 

Japan
  yen

 

 

0.00833

 

 

120.76

 

 

Europe

 

 

Euro
  area euro

 

 

1.0821

 

 

0.938

 

 

Hungary
  forint

 

 

0.00356812

 

 

284.71

 

 

Iceland
  krona

 

 

0.007273

 

 

138.71

 

 

Norway
  krone

 

 

0.1247

 

 

8.0884

 

 

Poland
  zloty

 

 

0.2618

 

 

3.876

 

 

Romania
  leu

 

 

0.244

 

 

4.1522

 

 

Russia
  ruble

 

 

0.01687

 

 

60.029

 

 

Sweden
  krona

 

 

0.116

 

 

8.6734

 

 

Switzerland
  franc

 

 

1.0253

 

 

0.99

 

 

Turkey
  lira

 

 

0.3887

 

 

2.6037

 

 

Ukraine
  hryvnia

 

 

0.0427

 

 

23.3865

 

 

U.K.
  pound

 

 

1.4956

 

 

0.6778

 

College Paper Lab

Place your Order Today

- collegepaperslab.com