Question: The table lists foreign exchange rates for August 30, 2018. On that day, how many dollars would be required to purchase 1,100 units of each

 The table lists foreign exchange rates for August 30, 2018. On
that day, how many dollars would be required to purchase 1,100 units

The table lists foreign exchange rates for August 30, 2018. On that day, how many dollars would be required to purchase 1,100 units of each of the following: drish pounds, Canadian dollars, EMU euros, Japanese yen, Mexican pesos, and Swedish kronas? Use the direct quotation for your calculations. Round your answers to the nearest cent. Sample Exchange Rates Thursday, August 30, 2018 Direct Quotation Indirect Quotation U.S. Dollars Required to Number of Units of Buy One Unit of Foreign Currency per Foreign Currency U.S. Dollar (1) (2) Australian dollar 0.7264 1.3767 Brazilian Real 0.2409 4.1504 British pound 13009 0.7687 Canadian dollar 0.7702 1.2984 Chinese yuan 0.1461 6.3449 Danish Krone 0.1565 6.3889 EMU euro 1.1670 0.8569 Hungarian Forint 0.00357015 280.10 Israeli Shekel 0.2767 3.6135 Japanese yen 0.00901 110.99 Mexican peso 0.0523 19.1133 South African rand 0.0679 14.7205 Swedish Krona 0.1096 9.1.200 Swiss franc 1.0317 0.9693 Venezuelan bolivar Fuerte 0.0000040) 248409.0001 Note: Column 2 equals 1. divided by Column 1. However, rounding morences de cour. Source: Adapted from The Wall Street Journal (www.wsj.com) August 30, 2013. 1.3 Brazilian Real 0.2409 4.1504 British pound 1.3009 0.7687 Canadian dollar 0.7702 1.2984 Chinese yuan 0.1461 6.8448 Danish krone 0.1565 6.3889 EMU euro 1.1670 0.8569 Hungarian Forint 0.00357015 280.10 Israeli shekel 0.2767 3.6136 Japanese yen 0.00901 110.99 Mexican peso 0.0523 19.1133 South African rand 0.0679 14.7205 Swedish Krona 0.1096 9.1200 Swiss franc 1.0317 0.9693 Venezuelan bolivar fuerte 0.00000403 248409.0001 Note: Column 2 equals 1.0 divided by Column 1. However, rounding differences do occur. Source: Adapted from The Wall Street Journal (www.wsj.com), August 30, 2018 =$ -5 1,100 British pounds 1,100 Canadian dollars 1,100 EMU euros 1,100 Japanese yen 1,100 Mexican pesos 1,100 Swedish kronas 5$ -5 $

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!