You just returned from Brazil, where the Brazilian real (BRL) is worth 0.20386 US dollars. You still have 2,000 Brazilian reals left from your trip and you could exchange them for US dollars at the airport, but at the exchange window they can only buy them for 0.17 US dollars. Next week he is traveling to Mexico and will need pesos. The exchange window sells pesos (MXN) at 0.053 US dollars. You meet a Mexican tourist passing through Brazil and he is willing to buy your 2000 Brazilian reals for 6,000 pesos. Should you accept the offer or exchange Brazilian reals at the airport? Explain.

Answer rating: 100% (QA)

You should accept the offer from the Mexican tourist and exchange your Brazilian ... View the full answer