This is for my finance class: You are the treasury manager of a multinational company. Your company is opening up a branch in South Korea by transferring euros from its branch in Australia. You obtained the following quotes from your international banker:

AUD/USD0.7706

USD/KRW1124.7730

Your company transferred AUD15,000,000 to the South Korean branch.

A) How much is your transfer in USD?

B) What is the AUD/KRW rate?

C) What is the amount of KRW you have in South Korea?

Answer rating: 100% (QA)

Solving the Currency Conversion Problems A Amount in USD Convert AU... View the full answer