1. Suppose one U.S. dollar can purchase 128 yen today. If the yen depreciates by 7% tomorrow, how many yen could one U.S. dollar buy tomorrow?
2. You just returned from a trip to Venezuela and have 1,458 bolivaresfuertes in your pocket. How many dollars will you receive when you exchange this money if the U.S. dollar equivalent of the bolivaresfuertes is 0.1319?
3. You can exchange $1 for either C$1.0532 or ¥139.25. What is the cross rate between the Japanese yen and the Canadian dollar? That is, solve for ¥ per C$.
4. In New York, you can exchange $1 for €0.7778 or £0.6619. Suppose that, in Berlin, £1 costs €1.151. How much profit can you earn on $17,120 using triangle arbitrage?
5. The exchange rate is 0.9458 Swiss francs per U.S. dollar. How many U.S. dollars are needed to purchase 1 Swiss franc?