Question: I figured out part a. but part b my answer of 1485.29 was incorrect, not sure why? Anne Dietz at Changi #3 (Singapore).Anne Dietz lives
I figured out part a. but part b my answer of 1485.29 was incorrect, not sure why?
Anne Dietz at Changi #3 (Singapore).Anne Dietz lives in Singapore, but is making her first business trip to Sydney, Australia. Standing in Singapore's new terminal #3 at Changi Airport, she looks at the foreign exchange quotes posted over the FX trader's booth. She wishes to exchange 1,500 Singapore dollars (S$ or SGD) for Australian dollars (A$ or AUD). What Anne sees:
| Spot rate (SGD = 1.00 USD) | 1.3395 |
| Spot rate (USD = 1.00 AUD) | 0.7679 |
a.
What is the Singapore dollar to Australian dollar cross rate?
b.
How many Australian dollars will Anne get for her Singapore dollars?
Question content area bottom
Part 1
a. What is the Singapore dollar to Australian dollar cross rate?
The cross rate is SGD
1.02861.0286/AUD.
(Round to four decimal places.)
Part 2
b. How many Australian dollars will Anne get for her Singapore dollars?
Anne will get AUD
1485.291485.29.
(Round to two decimal places.)
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