If you have $250, how many Polish zlotys can you get? (Do not include the Polish

ID: 2717338 • Letter: I

Question

If you have $250, how many Polish zlotys can you get? (Do not include the Polish zlotys sign, Z. Round your answer to 2 decimal places, e.g., 32.16.)

How much is one euro worth in U.S. dollars? (Round your answer to 4 decimal places, e.g., 32.1616.)

If you have 5.30 million euros, how many dollars do you have? (Enter your answer in dollars, not millions of dollars, e.g., 1,234,567. Round your answer to the nearest whole dollar amount, e.g., 1,234,567.)

Use the information below to answer the following questions.

Explanation / Answer

US $ Equivalent

Currency Per USD

Polish Zloty

0.2983

3.3526

Euro

1.2273

0.8148

Mexican Peso

0.0752

13.2983

Swiss Franc

1.0225

0.9780

Chilean Peso

0.002071

482.80

New Zealand Dollar

0.8090

1.2361

Singapore Dollar

0.8013

1.2479

Amount available = $ 250

Rate of Polish Zloty per USD = 3.3526

Total Amount of Polish Zloty receivable for USD 250 = $ 250 * 3.3526 = 838.15 z

Exchange rate of Euro in USD terms = $ 1.2273

Value of 1 Euro = $1.2273

Amount available = Euro 5.30 Million

Exchange rate = $1.2273 / Euro

Amount in USD = Euro 5,300,000 * 1.2273 = $ 6,504,690

Value of 1 New Zealand Dollar = $ 0.8090 or NZD 1.2361 = 1 USD

Value of 1 Singapore Dollar = $ 0.8013 or SGD 1.2479 = 1 USD

That is for 1 USD we pay lesser amount of New Zealand Dollars compared to Singapore Dollars.

Hence New Zealand Dollar has more worth

Exchange rate of Mexican Peso for 1 USD = 13.2983

Exchange rate of Chilean Peso for 1 USD = 482.80

That is we pay more Chilean Peso compared to Mexican Peso to buy 1 US Dollar

Hence Mexican Peso has more worth

Exchange rate of Swiss Franc to USD = 0.9780

Exchange rate of USD to Euro = 1.2273

Exchange rate of Swiss Franc to Euro = Swiss Franc / USD * USD/Euro

= 0.9780 * 1.2273

= 1.2002994 or 1.2003 (rounded off)

Amount = 1.2003 CHF / EUR

This rate is known as cross rate.