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What are worth in us dollars

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Reference no: EM132971754

Use only the figures from this tabledo not round offfour

Show how you arrive at your answer. 

The table shown at the link here is taken straight from the Wall Street Journal's web site. Take Thursday's rates to answer 1a and 1b.   and not other figures you find online. You may round off your answer to 2 decimal places, but as you calculate  rates to fewer than  decimal places. ForEx Sep 6 2018.pdf

E.g. to answer the question, "How much is $16 is worth in South African rand?", if $1 = 15.3332 rand, write out $16 x 15.3332 = 245.3312 rand, or note that 1 rand = US$ 0.0652 and write out $16/0.0652 = 245.3988.

  1. What are £25,000 (GBP) worth in US dollars?
  2. What are ¥10,000 Japanese yen worth in terms of euros? (Use only figures in the table provided to reach your answer.)
  3. In the table, has the Canadian dollar gained or lost value from Wednesday to Thursday, and how can you tell?
  4. Suppose the US dollar gains 10% in value against other currencies? Will this help or hinder US exports, and why? (Answer in one sentence.)

Reference no: EM132971754

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