Question: Below is an exchange rate table from 2016. You will need this information to answer the next 3 questions. New York 4pm Closing Rates for

 Below is an exchange rate table from 2016. You will needthis information to answer the next 3 questions. New York 4pm Closing

Below is an exchange rate table from 2016. You will need this information to answer the next 3 questions. New York 4pm Closing Rates for Friday, February 5, 2016 Code Currency fcu/USD Change Code Currency fcu/USD Change ARS Argentine Pesos 14.359 +1.40% MYR Malaysian Ringgit 4.1600 +1.32% AUD Australian Dollars 1.4146 +1.87% MON Mexican Pesos 18.446 +0.93% BHD Bahraini Dinars 0.3771 unch. NED New Zealand Dollars 1.5092 +1.48% BRL Brazilian Reals 3.9030 +0.34% NOK Norwegian Kroner 8.5876 +1.00% GBP British Pounds 0.6896 +0.61% PER Pakistani Rupees 104.29 -0.48% CAD Canadian Dollars 1.3918 +1.18% PEN Peruvian New Soles 3.4825 +0.16% CLP Chilean Pesos 705.90 +1.35% PHP Philippines Pesos 47.715 +0.32% CNY Chinese Renminbi 6.5736 +0.09% PLN Polish Zloty 3.9523 +0.17% COP Colombian Pesos 3333.2 +0.42% RUB Russian Rubles 76.907 +0.22% CSK Czech Koruna 24.271 +0.66% SAR Saudi Arabian Riyal 3.7505 -0.01% DKK Danish Kroner 6.6877 +0.44% sc Singapore Dollars 1.4080 +0.75% EGP Egyptian Pounds 7.8312 -0.01% SAR South African Rand 16.023 +1.01% EUR European Euros 0.8963 +0.48% BE South Korean Won 1206.9 +1.20% HKOD Hong Kong Dollars 7.7921 +0.03% SEK Swedish Krona 8.4552 +0.66% HUF Hungarian Forint 277.14 +0.01% CHF Swiss Francs 0.9907 -0.26% INR Indian Rupees 67.880 +0.50% TVD Taiwanese Dollars 33.320 +0.70% IDR Indonesian Rupiah 13621 -0.26% THB Thai Baht 35.580 -0.14% ILS Israeli New Shekels 3.8823 -0.45% TEY Turkish New Lira 2.9181 +0.22% JPY Japanese Yen 116.87 +0.08%AED U.A. Emirates Dirham 3.6725 unch En Kuwaiti Dinar 0.2971 -1.16% UYU Uruguayan Pesos 31.150 +0.03% Rates quoted are 4pm (Bastem Time) closing rates as determined by trades in the New York FX market. The column "fcu USD" provides the quantity of foreign currency units that are purchased with one U.S. Dollar. The column "change" shows the change in value relative to the previous trading day. For the currencies of Austria, Belgium, Cyprus, Finland, France, Germany, Greece, Italy, Ireland, Luxembourg, Malta, Netherlands, Portugal, Slovenia, and Spain: please refer to the row Europe (Euro) What is the price of the Chinese yuan (also called the Remminbi) in U.S. dollars? Round to 2 decimal points. (HINT: Am I asking for the Yuan/$ exchange rate or the $/Yuan exchange rate?) Question 8 (6 points) While the Eyuan/Mexican peso is not listed on the table, you have enough information to figure out what it was February 5,2016. Round to 2 decimal points

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!