Introduction to Exchange Rates and the Foreign Exchange Market - EOC Refer to the exchange...
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Introduction to Exchange Rates and the Foreign Exchange Market - EOC Refer to the exchange rates given in the table to answer the questions. Please round your answer to the nearest ten thousandths. January 20, 2016 FX per $ FX per January 20, 2015 FX per FX per $ 1.414 1.223 1.459 2.067 1.451 2.056 1.398 1.209 6.844 9.694 7.434 6.430 0.917 1.299 1.000 0.865 7.827 11.086 8.962 7.752 Country (currency) Australia (dollar) Canada (dollar) Denmark (krone) Eurozone (euro) Hong Kong (dollar) India (rupee) Japan (yen) Mexico (peso) Sweden (krona) United Kingdom (pound) United States (dollar) 68.05 96.39 71.60 61.64 116.38 164.84 136.97 118.48 18.60 26.346 16.933 14.647 8.583 12.157 9.458 8.181 0.706 1.000 0.763 0.600 1.000 1.416 1.156 1.000 a. What was the US dollar to Japanese yen exchange rate on January 20, 2016? Es b. What was the US dollar to Japanese yen exchange rate on January 20, 2015? Es: c. What was the percentage change in the value of the US dollar relative to the Japanese yen? %A Es d. Between January 20, 2015 and January 20, 2016 the Japanese yen relative to the US dollar. e. What was the Danish krone to Canadian dollar exchange rate on January 20, 2016? Ekrone/c$
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