Using the foreign exchange rates (see below)as of close of business on oct 31, c
ID: 2794084 • Letter: U
Question
Using the foreign exchange rates (see below)as of close of business on oct 31, calculate how much $25,000 US Dollars is worth in:
Show your calculation, do not just put down the answers
a. Brazil real
b. Canadian dollar
c. Mexican Peso
d. China yuan
e. Indian rupee
f. Japan yen - 3 months forward
g. Euro
h. Russian ruble
i. Swiss franc - 1 month forward
j. UAE dirham
Rates in U.S. Argentina 0.0572 Mexico 0.0529 Canada 0.7832 India 0.000740 Taiwan 0.0332 China 0.1509 Brazil 0.3070 Japan 0.0089 Russia 0.0170 Switzerland 1.0114 United Kingdom 1.3216 Saudi Arabia 0.2666 Egypt 0.0567 Hong kong 0.1280Explanation / Answer
(A) 1 Brazil Real - US $0.3070 which implies that US $1 = 3.26 Brazil Real
Therefore, US $25000= 25000*3.26 Brazil Real = 81,500 Brazil Real
(B) 1 Canadian Dollar - US $0.7832 which implies that US $1 = 1/0.7832 Canadian Dollar = 1.28 Canadian Dollar
Therefore, US $25000= 25000*1.28 Canadian Dollar = 32,000 Canadian Dollar
(C) 1 Mexicon - US $0.0.05292 which implies that US $1 = 1/0.0529 Mexican Peso = 18.90 Mexicon Peso
Therefore, US $25000= 25000*18.90 Mexicon Peso = 472,500 Mexicon Peso
All the remaining answers will be calculated in the same way as the above are calculated
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