Use the foreign exchange section of a current issue of The Wall Street Journal to look up the six currencies in Problem 19-5.

a. What is the current exchange rate for changing dollars into 1,000 units of pounds, Canadian dollars, euros, yen, Mexican pesos, and Swedish kronas?

b. What is the percentage gain or loss between the August 3, 2011, exchange rate and the current exchange rate for each of the currencies in Part a?

Data from Problem 19.5

Table 19.1 lists foreign exchange rates for August 3, 2011. On that day, how many dollars would be required to purchase 1,000 units of each of the following: British pounds, Canadian dollars, EMU euros, Japanese yen, Mexican pesos, and Swedish kronas?

Table 19.1

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Sample Exchange Rates: Wednesday, August 3, 2011 Direct Quotation: Indirect Quotation: U.S. Dollars Required Number of Units of Foreign Currency to Buy One Unit of Foreign Currency per U.S. Dollar (1) (2) $1.0756 0.9297 Australian dollar 0.6385 1.5662 Brazilian real British pound 1.6426 0.6088 1.0392 0.9622 Canadian dollar 0.1553 6.4392 Chinese yuan Danish krone 0.1923 5.2004 1.4323 0.6982 Euro 0.00527 189.75 Hungarian forint Israeli shekel 0.2887 3.4641 0.01297774 77.06 Japanese yen 0.0846 11.8205 Mexican peso South African rand 0.1488 6.7217 0.1577 6.3420 Swedish krona 1.2983 0.7703 Swiss franc 0.22988506 4.3500 Venezuelan bolivar fuerte Note: Column 2 equals 1.0 divided by Column 1. However, rounding differences do occur.