On the day you arrive in England, the exchange rate for U.S. dollars and British pounds is

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On the day you arrive in England, the exchange rate for U.S. dollars and British pounds is $1:£0.58. While you remain in England for the next two weeks, the exchange rate falls to $1:£0.54. When you entered England, you converted $4,200 to pounds. As you leave England, you have £135. How much did you spend in England in U.S. dollars? Did the movement in the exchange rate help or hurt you?

Exchange Rate
The value of one currency for the purpose of conversion to another. Exchange Rate means on any day, for purposes of determining the Dollar Equivalent of any currency other than Dollars, the rate at which such currency may be exchanged into Dollars...
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