Question
Answered step-by-step

answer question 1

 which is about foreign exchange rates. Then go on and answer either question 2 or question 3. Your responses to other students' post may be on either of these two. 

Note that, while the textbook may have information on questions 2 and 3, you are expected to have to do some further research on your own to arrive at answers good enough for a score equivalent to an A .

All do question 1. The table shown at the link here is taken straight from the Wall Street Journal's web site. Take Thursday's rates to answer 1a and 1b.  Use only the figures from this table and not other figures you find online. You may round off your answer to 2 decimal places, but as you calculate do not round off rates to fewer than four decimal places. ForEx Sep 6 2018.pdf

Show how you arrive at your answer. E.g. to answer the question, "How much is $16 is worth in South African rand?", if $1 = 15.3332 rand, write out $16 x 15.3332 = 245.3312 rand, or note that 1 rand = US$ 0.0652 and write out $16/0.0652 = 245.3988.

  1. What are £25,000 (GBP) worth in US dollars?
  2. What are ¥10,000 Japanese yen worth in terms of euros? (Use only figures in the table provided to reach your answer.)
  3. In the table, has the Canadian dollar gained or lost value from Wednesday to Thursday, and how can you tell?
  4. Suppose the US dollar gains 10% in value against other currencies? Will this help or hinder US exports, and why? (Answer in one sentence.)

Either question 2. The IMF recognizes the US dollar, the euro, the Japanese yen, the British pound and the Chinese yuan as "reserve currencies" that are accepted by governments and institutions in settling international payments. Mention and explain at least two advantages and one disadvantage, related to international trade or the US economy, that the US has because the dollar is a reserve currency.  

Or question 3.  The euro is the currency adopted by 19 of the 28 members of the European Union. Mention briefly explain at least two benefits that the Eurozone brings to businesses and consumers. Then at least one potential drawback that membership of the Eurozone can have.

Image transcription text

Thursday, September 06, 2018 U.S.-dollar foreign-exchange rates in late New York trading IN US$ US$ VS. % CHG PER US$ Country/currency Thurs Wed 1-Day YTD Thurs Wed Americas Argentina peso 0.0267 0.0259 .3.11 101.1 37.4202 38.6203 Brazil real 0.2467 0.2411 -2.27 22.4 4.0534 4.1477 Canada dollar 0.760 0.7589 -0.27 4.5 1.3142 1.3178 Chile peso 0.001456 0.001458 0.12 11.6 686.9 686.1 Ecuador US dollar unch unch Mexico peso 0.0521 0.0517 0.82 -2.5 9. 1832 19.3423 Uruguay peso 0.03081 0.03081 unch 12.7 32.46 32.46 Venezuela bolivar 0.00000403 2401878.4 248409.0001 Asia-Pacific Australian dollar 0.7198 0.7192 0.08 8.5 1.3893 1.3904 China yuan 0. 1463 0. 1464 0.06 5.1 6.8352 6.8312 Hong Kong dollar .1274 0. 1274 0.02 0.5 7.8493 7.8481 India rupee 0.0139 0.01394 0.26 12.6 71.945 71.755 Indonesia rupiah 0.0000672 0.000067 0.35 10.4 14880 14933 Japan yen 0.00903 0.00897 -0.7 -1.7 110.75 111.53 Kazakhstan tenge 0.00267 0.00269 0.7 12.4 373.84 371.25 Macau pataca 0. 1236965 0. 123692 0.5 8.084 8.085 Malaysia ringgit 0.2416 .2408 0.32 1.9 4.1398 4.153 New Zealand dollar 0.6589 0.6591 0.03 7.6 1.5177 1.5172 Pakistan rupee 0.00812 0.00812 -0.01 1 1.3 123.11 123.12 Philippines peso 0.0185 0.0186 0.6 8 53.981 53.661 Singapore dollar 0.7276 0.7271 0.07 2.8 1.3744 1.3754 South Korea won 0.0008912 0.000893 0.2 5 .1 1122.06 1119.85 Sri Lanka rupee 0.0061877 0.0061648 0.37 5.3 161.61 162.21 Taiwan dollar 0.03248 0.03249 0.01 3 .8 30.79 30.78 Thailand baht 0.0305 0.03051 0.03 0.6 32.79 32.78 Vietnam dong 0.00004289 0.00004289 2.7 23315 23314 Europe Bulgaria lev 0.59432 .59467 0.06 3.2 1.683 1.682 Croatia kuna 0.1563 0. 1565 0.11 3.3 6.3967 6.3895 Czech Rep. koruna 0.0452 0.04519 -0.01 4 22.126 22. 129 Denmark krone 0. 1559 0. 156 0.07 3.4 6.415 6.4103 Euro area euro 1.1624 1.163 0.05 3.3 0.8603 0.8599 Hungary forint 0.00356595 0.00355139 0.41 8.3 280.43 281.58 Iceland krona 0.009025 0.009143 1.31 7 110.8 109.37 Norway krone 0.1187 0. 1191 0.3 2.6 8.4219 8.3967 Poland zloty .2689 0.2689 6.9 3.7193 3.7193 Romania let 0.2506 0.2509 0.14 2.7 3.9906 3.9851 Russia ruble 0.01444 0.01466 1.52 20.1 69.248 68.213 Sweden krona 0.1098 0.1104 0.57 11.3 9.1073 9.0558 Switzerland franc 1.0361 1.0292 0.66 -0.9 0.9652 0.9716 Turkey lira 0.1519 0. 1515 -0.3 73.4 5.5816 6.6017 Ukraine hryvnia 0.0354 0.0352 -0.6 0.3 28.237 28.407 U.K. pound 1.2928 1.2906 0.17 4.5 0.7735 0.7748 Middle East/Africa Bahrain dinar 2.6522 2.6522 unch -0.01 0.3771 0.3771 Egypt pound 0.0559 0.0558 -0.13 0.7 17.8895 17.9135 Israel shekel 0.2786 0.2778 0.26 3.2 3.59 3.5994 Kuwait dinar 3.3021 3.3001 -0.06 0.5 0.3028 0.303 Oman sul rial 2.59744 2.5973 0.01 0.01 0.38 0.39 Qatar rial 0.2746 0.2748 0.09 -0.2 3.6421 3.6388 Saudia Arabia riyal 0.2666 0.2666 -0.01 0.01 3.7509 3.7511 South Africa rand 0.0652 0.0648 0.58 24 15.3332 15.4227

... Show more

Answer & Explanation
Verified Solved by verified expert
Rated Helpful
<p>ec facilisis. Pellentesque dapibus efficitur laoreet. Nam risus ante, dapibus a molestie consequat, ultrices ac magna. Fusce dui lectus, congue vel laoreet ac, dictum vitae odio. Donec aliquet. Lorem ipsum dolor sit amet, consectetur adipiscing elit. Nam l</p> Fusce dui lectus, congue vel laoreet ac, dictum vitae odio. Donec aliquet

Unlock full access to Course Hero

Explore over 16 million step-by-step answers from our library

Subscribe to view answer

gue

nsequat, ultrices ac magna. Fusce dui lectus, congue vel laore

trices ac magna. Fusce dui lectus, congue vel laoreet ac, dictum vitae odio. Donec aliquet. Lorem ipsum dolor sit a

gue

cefacilisis. Pellentesque dapibus efficitur laoreet. Nam risus ante, dapibus a molestie consequat, ultrices ac magna. Fusce dui lectus, congue vel laoreet ac, dictum vitae odio. Donec aliquet. Lorem

gue

sus anticitur laoreet. Nam risus ante, dapibus a molestie consequat, ultrices ac magna. Fusce dui lectus, congue vel laoreet ac, dictum vitae odio. Donec aliquet. Lorem ipsum

gue

inac, dictum vitae odio. Donec aliquet. Lorem ipsum dolor sit amet, consectetur adipiscing elit. Nam lacinia pulvinar tor

iscing elit. Nam lacinia pulvinar tortor nec facilisis. Pellentesque dapibus efficitur laoreet. Nam risus ante, dapibus a molestie con

a. Fusce dui lec

rem ipsum dolor sit amet, consectetur adipiscing elit. Nam lacinia pulvinar tortor nec facilisis. Pellentesque dapibus efficitur laoreet. Nam risu

at, ultrices ac magna. Fusce dui lectus,

icitur laoreet. Nam risus ante, dapibus a molestie consequat, ultric

at, ultrices ac magna. Fusce dui lectus,

sum dolor sit amet, consectetur adipiscin

gue

inia pulvinar tortor nec facilisis. Pellentesque dapibus efficitur laoreet. Nam risus ante, dapibus a molestie consequat, ultrices ac magna. Fusce dui lectus, congue vel laoreet ac, dictum vitae odio. Donec aliquet. Lorem ipsum dolor sit amet, consectetur adipiscing elit. Nam lacinia pulvinar tortor nec facilisis. Pellentesque dapibus efficitur laoreet. Nam risus ante, dapibus a

rem ipsum dolor sit amet, consectetur adipiscing elit. Nam lacinia pulvinar tortor nec facilisis. Pellentesque dapibus efficitur laoreet. Nam risus ante, dapibus a molestie consequat, ultrices ac magna. Fusce dui lectus, congue vel laoreet ac, dictum vitae odio. Donec aliquet. Lorem ipsum dolor sit amet, consectetur adipiscing elit. Nam lacinia pulvinar tortor nec facilisis. Pellentesque dapibus efficitu
entesque dapibus efficitur laoreet. Nam risus ante, dapibus a molestie consequat, ultrices ac magna. Fusce dui lectus, congue vel laoreet ac, dictum vitae odio. Donec aliquet. Lore

ng elit. Nam lacinia pulvinar tortor nec facilisis. Pellentesque dapibus efficitur laoreet. Nam risus ante, dapibus a molestie consequat, ultrices ac magna. Fusce dui lectus, congue vel laoreet ac, dictum vitae odio. Donec aliquet. Lorem ipsum dolor sit ame

risus ante, dapibus a molestie consequat, ultrices ac magna. Fusce dui lectus, congue vel laoreet ac, dictum vitae odio. Donec aliquet. Lorem ipsum dolor sit amet, consectetur adipiscing elit. Nam lacinia pulvinar tortor nec facilisis. Pellentesque dapibus efficitur laoreet. Nam

molestie consequat, ultrices ac magna. Fusce dui lectus, congue vel laoreet ac, dictum vitae odio. Donec aliquet. Lorem ipsum dolor sit amet, consectetur adipiscing elit. Nam lacinia pulvinar tortor nec facilisis. Pellentesque dapibus efficitur laoreet. Nam risus ante, dapibus a molestie

cing elit. Nam lacinia pulvinar tortor nec facilisis. Pellentesque dapibus efficitur laoreet. Nam risus ante, dapibus a molestie consequat, ultrices ac magna. Fusce dui lectus, congue vel laoreet ac, dictum vitae odio. Donec aliquet. Lorem ipsum dolor sit amet, consectetur adipiscing elit. Nam lacinia pulvinar tortor nec facilisis. Pellentesque dapibus

gue

consectetur adipiscing e

dictum vitae odio. Donec aliquet. Lorem ipfficitur laoreet. Nam risus ante, dapibus a molestie consequat, ultrices ac magna. Fusce dui lectus, congue vel laoreet ac, dictum vitae odio. Donec aliquet. Lorem ipsum dolor sit ame

ct, ultrices ac magna. Fusce dui ldictum vitae odio. Donec aliquet. Lorem ipsum dolor sit amet, consectetur adipiscing elit. Nam lacinia pulvinar tortor nec

ctm risus ante, dapibus a molestie consequat, ultrices ac magna. Fusce duidictum vitae odio. Donec aliquet. Lorem ipsum dolor sit amet, consectetur adipiscing elit. Nam lacinia pulvinar tortor nec facilisis. Pellentesque dapibus efficitur laoreet. Nam risus ante, dapibus a molestie consequat, ultrices a

gue

Step-by-step explanation

ultrices ac magna. Fusce dui lectus, congue vel laoreet ac, dictum vitae odio. Donec aliquet. Lorem ipsum dolor sit amet, consectetur adipiscing elit. Nam lacinia pulvinar tortor nec facilisis. Pellentesque dapibus efficitur laoreet. Nam risus ante, dapibus a molestie consequat, ultrices ac magna. Fusce d

ng elit. Nam lacinia pulvinar tortor nec facilisis. Pellentesque dapibus efficitur laoreet. Nam risus ante, dapibus a molestie consequat, ultrices ac magna. Fusce dui lectus, congue vel laoreet ac, dictum vitae odio. Donec aliquet. Lorem ipsum dolor sit amet, consectetur adipiscing elit.

amet, consectetur adipiscing elit. Nam lacinia pulvinar tortor nec facilisis. Pellentesque dapibus efficitur laoreet. Nam risus ante, dapibus a molestie consequat, ultrices ac magna. Fusce dui lectus, congue vel laoreet ac, dictum vitae odio. Donec aliquet. Lorem ipsum dolor sit amet, consectetur adipiscing elit. Nam lacinia pulvinar tortor nec

Fusce dui lectus, congue vel laoreet ac, dictum vitae odio. Donec aliquet. Lorem ipsum dolor sit amet, consectetur adipiscing elit. Nam lacinia pulvinar tortor nec facilisis. Pellentesque dapibus efficitur laoreet. Nam risus ante, dapibus a molestie consequat, ultrices ac magna. Fusce dui lectus, congue vel laoreet ac, dictum vitae odio. Donec aliquet. Lorem ipsum dolor sit amet,

Student review
100% (1 rating)
Thorough explanation
Easy to follow
Clear formatting