Management homework help

For this assignment you need  to review a video lecture (please print the slides from the FX rate presentation Download presentation to follow along) that explains how to do currency conversions.  Once you finish looking over at the presentation, then do the practice exercisesDownload practice exercises and look at the provided solution so that you check your work and make sure you feel comfortable doing currency conversions and that you understand the theory behind it  (You should also read chapter 8 to complement this assignment).

When you are ready to start the assignment, download the PDF file Download PDF file, print a couple of copies and start working the problems.  Please make sure that the copy that you submit to be graded is a clean and legible copy.  Make sure you clearly mark your answer and that you include the “units” in your answer to receive full credit.  Management homework help

Once you have your assignment ready to submit, scan the file into a PDF format and upload the file.

Links are attached if not allowed to view.

PRACTICE EXERCISES

Use the following exchange rates to answer the questions below.  Round your answers to two decimals.

Exchange rate quotes:

British Pounds (£) to Euros (€):                          £1 = €1.17

 

British Pounds (£) to US Dollars ($):                         £1 = $1.52

 

1. How many pounds is $5 worth?

 

 

2. How many dollars is £70 worth?

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3. How many pounds is €65 worth?

 

 

4. How many pounds is $275 worth?

 

 

 

5. How many pounds is €465 worth?

 

 

6. How many euros is £520 worth?   Management homework help

 

 

 

7. How many euros is £1850 worth?

 

 

8. How many euros is $4355 worth?

 

Read the following cross table and answer the questions below

 

9. What is the exchange rate of US Dollars (USD) to British Pounds (GBP)?

 

 

10. What is the exchange rate of Euros (EUR) to Japanese Yen (JPY0?

11. What currencies are worth more than the U.S. Dollar?

12. While visiting Australia you visit 3 different banks to find out their exchange rates. Which bank is a better option for you to exchange your US Dollars?  How much AUD do you get per dollar? The bank rates are the following:

13. In which bank should you exchange your AUD back to USD before going back home? Why? Management homework help

SOLUTIONS:

Use the exchange rates £1 = €1.17 and £1 = $1.52 to solve the following currency conversion problems. Round your answers to two decimals.

1. How many pounds is $5 worth? 3.28 pounds
2. How many dollars is £70 worth? 106.4 dollars
3. How many pounds is €65 worth? 55.55 pounds
4. How many pounds is $275 worth? 180.92 pounds
5. How many pounds is €465 worth? 397.43 pounds
6. How many euros is £520 worth? 608.40 euros
7. How many euros is £1850 worth? 2164.50 euros
8. How many euros is $4355 worth? 3552.20 euros
9. 1 USD = 0.7780 Pounds OR   1 GBP = 1.2854 US dollars
10. 1 EUR = 127.9494 JPY OR   1 JPY = 0.0078 EUR
11. EUR and GBP
12. Bank “C”; you get 1.60 AUD per USD
13. Bank “A”; you need less AUD to buy a dollar. In “A” you pay 1.50 AUD to get 1 USD. Management homework help