Exercise

1:

Fill

in

the

blanks

based

on

direct

and

indirect

quotes.

Currency

US

$ Equivalent

Currency

per

$

Equivalent

of

$4000

$ Equivalent

of

6000

units

of

Foreign

Currency

JPY

(Yen)

85.2350

EUR

(Euro)

1.3517

CAD

( Canadian

Dollar)

1.0129

GBP

(British

Pound)

$9,633.91

CHF

(Swiss

Franc)

1.0324

CNY

(Chinese

Yuan)

6.61594

INR

(Indian

Rupee)

181,405.90

Exercise

2:

Use

the

exchange

rates

in the

table

above

then

answer

the

following

questions.

A)

A Japanese

retailer

placed

an

order

with

a manufacturing

firm

based

in

China

to buy

10,000

pairs

of

shoes

for

CNY

330,000.

How

many

yens

does

the

Japanese

retailer

need

to

cover

the

payment?