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How many canadian dollars would caitlin have lost

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Question - Before boarding her flight to Zurich, Switzerland, Caitlin purchased CHF1,100 from her bank when the exchange rate was C$1 = CHF0.9791. However, Caitlin had to cancel the trip. Caitlin returned to the bank to convert the Swiss currency back into Canadian dollars. If the exchange rate changed to C$1 = CHF0.9897, how many Canadian dollars would Caitlin have lost in these transactions? Assume the bank has a 1.30% commission on both the sale and the purchase of the funds.

Reference no: EM133169558

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