Using the foreign exchange rates for July 2014, presented in Table 21-1, determine the number of Canadian dollars required to buy the following amounts of foreign currencies:

Table 21-1

a. 10,000 euros
b. 2,000 rupees
c. 100,000 yen
d. 5,000 Swiss francs
e. 20,000 Swedish krona
f. 50,000 baht

Transcribed Image Text:

October 2008 Country Currency Unit July 2014 April 1996 Australia . .9361 dollar 1.2329 1.0049 Brazil real Changed to real 0.7340 1.7286 2.0846 (Aug. 96) China.. 6.1200 5.8411 renminbi 5.5586 4.2735 4.7103 5.1520 Denmark.. krone 25.1572 40.112 56.1798 India.. rupee dollar 27.8200 57.823 105.3519 Jamaica. 78.6782 79.239 96.0615 Japan. yen 5.4540 10.503 12.1151 Mexico. peso (July 93) South Africa rand 3.1348 8.1301 10.1071 Sudan dinars 110.000 561.03 n.a. (pound in future) Sweden... krona 6.4103 4.9261 6.2422 Switzerland.. franc 0.8984 0.9240 0.8401 Russia ruble 4.9283 21.887 32.2061 baht 18.6518 28.329 30.4785 Thailand United Kingdom. . pound 0.4842 0.4986 0.5483 United States. 0.7346 0.8125 0.9404 dollar Venezuela Bolivar fuerte .2612 1.6606 5.9242 0.5915 0.6322 0.6910 Europe.. euro (implied)