Cross rate rubles problem 16 chantal dubois in

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Problem 1.6 Chantal DuBois in BrusselsThere is an obvious minor difference between the two currency quotes.Chantal DuBois lives in Brussels. She can buy a U.S. dollar for €0.7600. Christopher Keller, living in New York City, can buy a euro for $1.3200. What is the foreign exchange rate between the dollar and the euro?AssumptionsValuesBuy a US dollar in Brussels for (€/$)0.7600 Which is equivalent, the reciprocal ($/€)$1.3158Buy a euro in NY for ($/€)$1.3200Which is equivalent, the reciprocal (€/$)0.7576
Problem 1.7 Mexico's Cada Seis AñosMexico was famous – or infamous – for many years in having two things every six years (cada seis añosin Spanish): a presidential election and a currency devaluation. This was the case in 1976, 1982, 1988, and in 1994. In its last devaluation on December 20, 1994, the value of the Mexican peso (Ps) was officially changed from Ps3.30/$ to Ps5.50/$. What was the percentage devaluation?
Problem 1.8 Kyle's Competing OffersCountryISOCurrencySalarySigning BonusCurrency = $1.00United KingdomGBP£73,000.00£20,000.000.7000 Czech RepublicCZKkoruna (Kc)1,850,000.00 Kč325,000.00 Kč24.35 FranceEUR€ 83,000.00€ 17,000.000.9000 Converting Each Salary and Signing Bonus into US Dollars:CountryISOCurrencySalarySigning BonusCurrency = $1.00Salary (US$)Bonus (US$)Total (US$)United KingdomGBP£73,000.00£20,000.000.7000 $104,286$28,571$132,857.14Czech RepublicCZKkoruna (Kc)1,850,000.00 Kč325,000.00 Kč24.35 $75,975$13,347$89,322.38FranceEUR€ 83,000.00€ 17,000.000.9000 $92,222$18,889$111,111.11The posting in the United Kingdom has the highest total value as measured in U.S. dollars.Kyle, after an arduous post-graduation job search, has received an offer of the following three different country posts with a major multinational company. Each of the three countries -- the United Kingdom, the Czech Republic, and France -- offer different starting salaries and different signing bonuses, but in different currencies. Kyle wants to first compare all of the compensation packages in a common currency, the U.S. dollar. Use the following data to determine which offer represents the greatest initial U.S. dollar compensation package.pounds (£)euros ()pounds (£)euros ()Now if you were Kyle, you might also consider the cost of living in each location and the appropriate tax rate. And of course the career potential, your capabilities in second languages, your cultural interests, and everything else that has to be considered when choosing where you will live -- at least initially.

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