a) What is the current exchange rate for changing dollars into 1,000 units of pounds, Canadian dollars, euros, yen, Mexican pesos, and Swedish kronas?
b) What is the percentage gain or loss between the July 25, 2005, exchange rate and the current exchange rate for each of the currencies in part a?
| Sample Exchange Rates: Monday July 25, 2005 |
| |
Direct Quotation: US Dollars Required to Buy One Unit of Foreign Currency (1) |
Indirect Quotation: Number of Units of Foreign Currency per U.S. Dollar (2) |
| Brazillian real |
$0.4025 |
2.4845 |
| British pound |
1.7471 |
0.5724 |
| Canadian dollar |
0.8206 |
1.2186 |
| Denmark krone |
0.1618 |
6.1805 |
| Euro |
1.2069 |
0.8286 |
| Hungarian forint |
0.004918 |
203.33 |
| Israeli shekel |
0.2207 |
4.531 |
| Jpanese yen |
0.008974 |
111.43 |
| Mexican peso |
0.0931 |
10.74 |
| South African rand |
0.1507 |
6.6357 |
| Swedish krona |
0.1281 |
7.8064 |
| Swiss franc |
0.7725 |
1.2945 |
| Venezuelan bolivar |
0.000466 |
2145.92 |