1. Valuation of SDR: Please fill the blanks of the following table (last column)
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Question
1. Valuation of SDR: Please fill the blanks of the following table (last column) and find out the value of SDR in terms of U.S. dollars (S/SDR) and the value of U.S. dollars in terms of SDR (SDR/S) Currency Currency Amount Exchange RateU.S. Dollar Equivalent 1.0174 0.38671 11.9 Chinese Yuan Euro Japanese Yen UK. Pound Sterling US. Dollar 6.60395 1.18575 110.59 0.085946 0.58252 1.2876 S/SDR SDR/S Note: The exchange rate is expressed as U.S. dollar/currency except for Japanese yen and Chinese Yuan, which are quoted as yen/dollar, and yuan/dollar, respectively.Explanation / Answer
Caclulation for Yuan and Yen are different because exchange rates are an indirect quote whereas others are a direct quote as mentioned.
Currency amount Exchange rate USD Equivalent Yuan 1.0174 6.60395 0.154059313 (1.0174/6.60395) Euro 0.38671 1.18575 0.458541383 (0.38671*1.18575) Yen 11.9 110.59 0.107604666 (11.9/110.59) Pound 0.085946 1.2876 0.11066407 (0.085946*1.2876) USD 0.58252 1 0.58252 (0.58252*1) total $ 1.413389 ($/SDR) $ 0.707519 (SDR/$)Related Questions
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