Fill in the following table using xe.com or a similar foreign-currency quote Web

Question

Fill in the following table using xe.com or a similar foreign-currency quote Web site. In each cell, record the number of units of the currency stated in the first cell of the row that would be required to buy one unit of currency as stated in the column heading.

For example, if you sold US$1, how many European Euros could you buy? Enter that amount in the third column, second row. Continue until the table is filled completely.

sell/buy US $1 European €1 Canadian $1 Japanese ¥1

US $1 1

European €1 1

Canadian $1 1

Japanese ¥1 1

B. Why are the numbers in the Japanese ¥ column so much higher than the numbers in the other rows?

Explanation / Answer

The number is Japanese Y is high since it has depriciated over the years when compared the US $/ Canadian $ and Euro

Sell Buy US $ 1 European Euro 1 Canadian $ 1 Japanese Yen 1 US $ 1 1 0.93 1.33 122.6 European Euro 1 1.08 1 1.44 132.52 Canadian $ 1 0.75 0.7 1 92.28 Japanese Yen 1 0.0082 0.0075 0.011 1

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