If you have $325, you can get euros. (Round your answer to 2 decimal places. (e.

Question

If you have $325, you can get euros. (Round your answer to 2 decimal places. (e.g., 32.16))

If you have 19 million euros, you have $ . (Enter your answer in dollars, not millions of dollars, i.e. 1,234,567.)

You can get Mexico pesos for a Euro. This type of rate is called (Click to select)a foreign currency ratea cross ratean exchange ratea mixed rate. (Round your answer to 4 decimal places. (e.g., 32.1616))

Explanation / Answer

a) $1 = 0.7348 Euros
$325 = 325* 0.7348 = 238.81 Euros

b) One Euro = $(1/0.7348) = $1.3609

c) 19 Million Euros = $1900000*1.3609 = $2585710

d) $1= 1.2849 Singapore Dollar

$1= 1.2950 Newzeland Dollar

Thus 1 Singapore Dollar = (1.2950/1.2849) Newzeland Dollar = 1.0078 Newzeland Dollar

The Singapore Dollar is worth MORE that the New Zealand dollar.

e) $1= 12.2055 Mexican Peso

$1= 484.5 Chilean Peso

Thus 1 Mexican Peso = (484.5/12.2055) Chilean Peso= 39.6952 Chilean Peso

The Mexican peso is worth MORE than the Chilean peso.

f) $1 = 0.7348 Euros

$1= 12.2055 Mexican Peso

1Euro = 12.2055/0.7348 Mexico Pesos = 16.6106 Mexico Pesos   

This type of Rate is also called Cross Rate

g) Most Valuable = Kuwait Dinar = $3.574

Least Valuable = Indian Rupee = $0.0217

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