PRACTICE EXERCISES

Use the following exchange rates to answer the questions below.

Exchange rate quotes:

British Pounds $()$ to Euros $()$: $1=1\mathrm{.}17$

British Pounds $()$ to US Dollars $($$$)$: $1=$ $$1\mathrm{.}52$

$1.$ How many pounds is $$5$ worth?

$2.$ How many dollars is $70$ worth?

$3.$ How many pounds is $65$ worth?

$4.$ How many pounds is $$275$ worth?

$5.$ How many pounds is $465$ worth?

$6.$ How many euros is $520$ worth?

$7.$ How many euros is $1850$ worth?

$8.$ How many euros is $$4355$ worth?

$\backslash$table$[[,$USD,EUR,JPY$,$GBP$,CHF,$CAD,AUD$],[$USD$,-,1\mathrm{.}1336,0\mathrm{.}0089,1\mathrm{.}2854,0\mathrm{.}9929,0\mathrm{.}7604,0\mathrm{.}7113],[$EUR$,0\mathrm{.}8821,-,0\mathrm{.}0078,1\mathrm{.}1339,0\mathrm{.}8758,0\mathrm{.}6708,0\mathrm{.}6275],[$JPY$,112\mathrm{.}8700,127\mathrm{.}9494,-,145\mathrm{.}0831,112\mathrm{.}0632,85\mathrm{.}8262,80\mathrm{.}2844],[$GBP$,0\mathrm{.}7780,0\mathrm{.}8819,0\mathrm{.}0069,-,0\mathrm{.}7724,0\mathrm{.}5916,0\mathrm{.}5534],[$CHF$,1\mathrm{.}0072,1\mathrm{.}1418,0\mathrm{.}0089,1\mathrm{.}2947,-,0\mathrm{.}7659,0\mathrm{.}7164],[$CAD$,1\mathrm{.}3151,1\mathrm{.}4908,0\mathrm{.}0117,1\mathrm{.}6904,1\mathrm{.}3057,-,0\mathrm{.}9354],[$AUD$,1\mathrm{.}4059,1\mathrm{.}5937,0\mathrm{.}0125,1\mathrm{.}8071,1\mathrm{.}3958,1\mathrm{.}0690,-]]$

Read the following cross table and answer the questions below

Bank A

Buy: $1\mathrm{.}40$

Sell: $1\mathrm{.}50$

Bank B

Buy: $1\mathrm{.}50$

Sell: $1\mathrm{.}60$

Bank C

Buy: $1\mathrm{.}60$

Sell: $1\mathrm{.}70$

$9.$ What is the exchange rate of US Dollars $($USD$)$ to British Pounds $($GBP$)?$

$10.$ What is the exchange rate of Euros $($EUR$)$ to Japanese Yen $($JPY$0?$

$11.$ What currencies are worth more than the U$.$S$.$ Dollar?

$12.$ While visiting Australia you visit $3$ different banks to find out their exchange rates. Which bank is a better option for you to exchange your US Dollars? How much AUD do you get per dollar? The bank rates are the following:

$13.$ In which bank should you exchange your AUD back to USD before going back home? Why?