need help 3 questions
Foreign
Exchange Exercise
Use
the foreign exchange rate tables
to complete these exercises:
Please answer the following questions. Show
all work to receive full credit. Do
not use foreign exchange calculators found on the Internet.
1.
You are
visiting Cabo San Lucas, Mexico and you run into your favorite fast food
restaurant, Burger King. You could
really go for a Whopper. In the States,
you know that a Whopper cost you $2.49.
The price in Mexico is 35 Pesos. Where
do you get a better deal?
2.
Your Grandfather has just left you $300,000 and
you have decided to buy a vacation home in Italy. Italy’s currency is the Euro. You are watching House Hunters International
and you see a house that is right up your alley. You wonder if you would be able to afford a
property like this. The realtor says the
Asking Price is 275,000 Euro. Did Gramps
leave you a large enough inheritance?
3.
You are looking to purchase a new I Pad on the
internet. You come across one, but it is
on a Japanese website and the price is listed in Yen. The price asked is 60,000 Yen, with free
shipping. You know that I Pads cost
about $450 in the US. Does the website
offer a good deal?
|
U.S.-dollar
|
||
|
Country/currency
|
in
|
per
|
|
Americas
|
||
|
Argentina
|
0.1137
|
8.7912
|
|
Brazil
|
0.3094
|
3.2882
|
|
Canada
|
0.7966
|
1.2716
|
|
Chile
|
0.001583
|
640.3
|
|
Colombia
|
0.0003884
|
2631
|
|
Ecuador
|
1
|
1
|
|
Mexico
|
0.0664
|
15.2763
|
|
Peru
|
0.3243
|
3.0995
|
|
Uruguay
|
0.03899
|
25.56
|
|
Venezuela
|
0.15888274
|
6.294
|
|
Asia-Pacific
|
||
|
Australian
|
0.7776
|
1.307
|
|
China
|
0.1612
|
6.1946
|
|
Hong
|
0.1289
|
7.7594
|
|
India
|
0.01606
|
62.4838
|
|
Indonesia
|
0.0000768
|
13069
|
|
Japan
|
0.00833
|
120.76
|
|
Europe
|
||
|
Euro
|
1.0821
|
0.938
|
|
Hungary
|
0.00356812
|
284.71
|
|
Iceland
|
0.007273
|
138.71
|
|
Norway
|
0.1247
|
8.0884
|
|
Poland
|
0.2618
|
3.876
|
|
Romania
|
0.244
|
4.1522
|
|
Russia
|
0.01687
|
60.029
|
|
Sweden
|
0.116
|
8.6734
|
|
Switzerland
|
1.0253
|
0.99
|
|
Turkey
|
0.3887
|
2.6037
|
|
Ukraine
|
0.0427
|
23.3865
|
|
U.K.
|
1.4956
|
0.6778
|
