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1. Using Exchange Rates [LO1] Take a look back at Figure 21.1 to answer the following questions:a. If you have $100, how many euros can you get?b. How much is one euro worth?c. If you have 5 million euros, how many dollars do you have?d. Which is worth more, a New Zealand dollar or a Singapore dollar?e. Which is worth more, a Mexican peso or a Chilean peso?f. How many Mexican pesos can you get for a euro? What do you call this rate?g. Per unit, what is the most valuable currency of those listed? The least valuable?2. Using the Cross-Rate [LO1] Use the information in Figure 21.1 to answer the following questions:a. Which would you rather have, $100 or 100? Why?b. Which would you rather have, 100 Swiss francs (SF) or 100? Why?c. What is the cross-rate for Swiss francs in terms of British pounds? For British pounds in terms of Swiss francs?

cross-rate? Country/Currency in US$ per US$ Americas Country/Currency Argentina peso Brazil real 0167 60.0116 Europe in US$ per US$ .2391 Canada dollar 4.1816 Bulgaria lev 7608 Chile peso 1.3145 Croatia kuna 56382 001287 1.714 Colombia peso 777.3 Czech Rep. koruna 1481 Denmark krone .04381 6.75 Ecuador US dollor 000297 3365.07 22.827 Euro area euro .1475 Mexico peso 6.778 .0532 18.7872 Hungary forint 1.1026 .9070 Uruguay peso .02678 .00327912 37.34 Iceland krona 304.96 Norway krone 008025 124.61 Asia-Pacific Poland zloty 1105 9.0484 Australian dollar .6825 2590 1.4652 Romania leu 3.8614 1 month .6822 1.4659 Russia ruble 2306 4.336 3 month Sweden krona .01611 62.073 .6813 1.4678 .1045 9.5669 6 month .6799 1.4708 Switzerland franc 1.0297 .9712 China yuan 1 month .1442 6.9367 3 month 1.0317 .9693 Hong Kong dollar 1287 7.7725 1.0358 6 month 9654 India rupee .01402 71.316 1.0418 Turkey lira .9599 Indonesia rupiah .0000737 13573 1684 5.9391 Ukraine hryvnia Japan yen 00915 109.28 .0407 24.5652 UK pound 1.3074 .7649 1 month ,00915 109.29 1 month 1.3062 .7656 3 month 00915 109.30 3 month 1.3049 .7663 6 month .00915 109.31 6 month 1.3038 .7670 Kazakhstan tenge .00264 378.6 Macau pataca 1248923 8.007 Middle East/Africa Malaysia ringgit 0.246 4.0655 Bahrain dinar 2.6529 .3769 New Zealand dollar 6607 1.5135 Egypt pound 0633 15.8006 Pakistan rupee .00647 154.63 Israel shekel .2894 3.455 .0197 50.801 Kuwait dinar 3.2912 .3038 Philippines peso Singapore dollar 7400 1.3514 Oman sul rial 2.5974 39 Qatar rial 2747 3.6408 South Korea won .0008546 1170.2 .2665 3.7517 Sri Lanka rupee .0055063 181.61 Saudi Arabia riyal .0695 14.3928 Taiwan dollar 03328 30.05 South Africa rand 30.56 Thailand baht 03272 Vietnam dong .00004315 23173 January 27, 2020

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