Promptly converts all his cash into pounds sterling

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Reference no: EM13977702

A student arrives in London on the first leg of a European vacation and promptly converts all his cash ($2,500) into pounds sterling (GBP). The rate quoted was 1.5696-700 dollars per pound. After a week, he leaves for Spain and converts all his remaining pounds (1,050) into euros (EUR). Exchange rates were: 1.0078-082 euros per dollar 1.5685-689 dollars per pound He leaves Spain for Italy, Greece and finally Switzerland, where, he converts his remaining euros (350) into Swiss francs (CHF). Exchange rates were: 1.5119-134 Swiss francs per dollar 0.9724-30 euros per dollar A week later, at the airport in Zurich, he converts all his remaining Swiss francs (70) into dollars (USD) before boarding a flight for Chicago. The exchange rate was 1.4583-595 Swiss francs per dollar. a.) how much did he receive in pounds sterling on his arrival in the UK? b.) How much did he receive in euros on his arrival in Spain? What was the cross rate? c.) How much did he receive in Swiss francs? What was the cross rate? d.) How may dollars did he receive in Zurich?

Reference no: EM13977702

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Promptly converts all his cash into pounds sterling : A student arrives in London on the first leg of a European vacation and promptly converts all his cash ($2,500) into pounds sterling (GBP). The rate quoted was 1.5696-700 dollars per pound. how much did he receive in pounds sterling on his arrival in..

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