Premium Essay

Currancy

In: Business and Management

Submitted By derekshu
Words 314
Pages 2
Answer 1 a. Brazilian reais/Guatemalan quetzal cross rate= 10.5799*0.4462 = 4.7208 b. Quetzals= 4,500*4.7208= 21,243.60 (GTQ)

Answer 2
a). From a $10,000 US$ perspective
i). Canadian$=1.293653*US$10,000=12,936.53
(Rate: 1.00 USD = 1.2936.53 CAD May 15 2016 02:46UTC) ii). Swiss Franc=0.9763.11*US$10,000=9,763.11
(Rate: 1.00 USD = 0.976311 CHF May 15, 2016 02:48 UTC) iii). Chinese Yuan Renminbi=6.531287*US$10,000=65,312.87 (Rate: 1.00 USD = 6.5531287 CNY May 15, 2016 02:49UTC) iv). Argentine Peso=14.199999*US$10,000=141,999.99 (Rate: 1.00 USD = 14.99999 ARS May 15, 2016 02:51 UTC)
b). From the 100,000 Chinese Yean Renminbi perspective
i). Canadian$=0.1980526*CNY100, 000=19,805.26
(Rate: 1.00 CNY = 0.1980526 CAD May 15, 2016 02:52 UTC) ii). Swiss Franc=0.1494618* CNY100,000=14,948.18
(Rate: 1.00 CNY = 0.1494618 CHF May 15, 2016 02:54 UTC) iii). Singapore$=0.2101989* CNY100,000=21,019.89 (Rate: 1.00 CNY = 0.2101989 SGD May 15, 2016 02:55 UTC) iv). Argentine Peso=2.175745* CNY100,000=217,574.50 (Rate: 1.00 CNY = 2.175745 ARS May 15 2016 02:56 UTC)

Answer 3 a. Russian ruble/euro cross rate=1/(1.3214*30.96)=0.0244 b. Russian rubles=15,000 euros/0.0244=614,754.0984

Answer 4 a. Yen/Ruble cross rate=30.96/84.02=0.3685 b. Yen=450,000/0.3685=1,221,166.89

Answer 5 a. Percentage change in January=(1950-1400)/1400=39.29% decreased b. Forecast value for June 2003=1950*(1+40%)=2730

Answer 6 Mexican peso/euro cross…...

Similar Documents

Free Essay

English

...piles of unnecessary paperwork. It's all so easy! Or is it? Here are just a few things that you ought to consider (and remember, this all has to be done before you even get to the airport!). First of all, you will need to check your passport: have you got one, for a start, and is it still (26) validated / valid? Most countries will not let you in if your passport (27) runs out / expires within six months. Secondly, what about a (28) visa / visor? More and more countries require you to have one, and this will cost you money (and time and effort, too: in some cases, you have to present yourself in person at the country's (29) emmbassy / embassy). Thirdly, you will need to get (30) traveler's checks / traveling checks and / or foreign (31) currancy / currency: if you choose the latter, you need to check the (32) exchange / changing rate to make sure you are getting a favorable (33) deal / bargain, and then in most cases you will need to pay (34) comission / commission / commision to the bank who supplies it. Finally, have you got adequate (35) insurence / insurance / insureance cover, are your (36) vaccinations / vaccinnations / vacinations up to date, will your mobile phone work abroad, and have you made (37) arrangments / arangements / arrangements for someone to look after your cat and dog, and water your plants, while you are away? (continued on pageā€¦) 57 For reference see Easier English Intermediate Dictionary (0-7475-6989-4). Exercise 2: Without looking back at......

Words: 35363 - Pages: 142