Look up the 6 currencies in Problem 19-5 in the foreign exchange section of a current issue of The Wall Street Journal. 

a. What is the current exchange rate for changing dollars into 1,000 units of pounds, Canadian dollars, euros, yen, Mexican pesos, and Swedish kronas?

b. What is the percentage gain or loss between the July 25, 2005, exchange rate and the current exchange rate for each of the currencies in part a?

Problem 19-5:

Table 19-1 lists foreign exchange rates for July 25, 2005. On that day, how many dollars would be required to purchase 1,000 units of each of the following: British pounds, Canadian dollars, EMU euros, Japanese yen, Mexican pesos, and Swedish kronas?

Table 19-1:

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Sample Exchange Rates: Monday, July 25, 2005 TABLE 19-1 Indirect Quotation: Direct Quotation: U.S. Dollars Required to Buy One Unit of Foreign Currency Number of Units of Foreign Currency per U.S. Dollar (1) (2) Brazilian real $0.4025 2.4845 British pound 1.7471 0.5724 Canadian dollar 0.8206 1.2186 Denmark krone 6.1805 0.1618 Euro 1.2069 0.8286 Hungarian forint Israeli shekel 203.33 0.004918 0.2207 4.5310 0.008974 Japanese yen Mexican peso 111.43 0.0931 10.7400 South African rand 6.6357 0.1507 Swedish krona 0.1281 7.8064 Swiss franc 0.7725 1.2945 Venezuelan bolivar 0.000466 2145.92 Note: Column 2 equals 1.0 divided by Column 1. However, rounding differences do occur. Source: Adapted from The Wall Street Journal, July 26, 2005, p. C12.