A) Using the currency tables provided in the International Finance Handout (page

Question

A) Using the currency tables provided in the International Finance Handout (page 9) in Canvas for July 4, 2014 (Friday's reported price), convert $100,000 to Indian Rupees. You can choose to use either US $ Equivalent or Currency per US $ B) Using the currency tables provided in the international Finance Handout (pages 8 and 9) in Canvas for June 6th, 2014 and July 4th, 2014 (Friday's reported price for each), identify whether the US dollar got stronger or weaker relative to the European euro during this time period. C) Using the currency tables provided in the International Finance Handout (page 9) in Canvas for July 4th, 2014 (Friday's reported price), calculate the Russian Ruble/Turkish Lira exchange rate (hint rubles should be in the numerator).

Explanation / Answer

Answers:

$100,000 in INR will be = 100,000*59.77995 = INR 5,977,995

JUNE RATES:

2. USD equivalent on Euro on Friday = 1.3643

Per USD = 0.733

JULY RATES:

Per USD to EUR = 0.7356

When we compare the rates between June & July, we see that the rate of EUR has increased in July to 0.7356 from 0.733. Hence we can say USD has weakened relative to euro during this time period.

3. Russian rubble = 34.403, Turkish lira = 2.1334

Exchange rate = 34.403/2.1334

= 16.13

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