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Currency Exchange Problem 1. Let $1 = .78 € How much would a 20,000 € automobile cost in US$ 2. From #1, let the $US appreciate by 5%, Now how much does the auto cost? 3. Let $1 = .78 € and $1 = 6.
Currency Exchange Problem
1. Let $1 = .78 €
How much would a 20,000 € automobile cost in US$
2. From #1, let the $US appreciate by 5%,
Now how much does the auto cost?
3. Let $1 = .78 € and $1 = 6.3 CNY (Chinese Yuan Renminbi)
How many CNY will be purchased for 1 €
4. Given #3, how many € would it cost for a European importer to purchase 300 Chinese computers @ 3000 CNY per computer?
5. From #4, let there be a 5% appreciation in the CNY against the Euro,
Now how much do the computers cost in €?
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