Exchange Rate Table for Month 1 US Dollar $1 = British Pound 1 £ = Chinese Yuan 1 Y = Japanese Yen 1 ¥ = Euro 1€ US Dollar --- 1.32 .16 .0088 1.13 British Pound .76 --- .12 .0067 .85 Chinese Yuan 6.37 8.46 --- .056 7.21 Japanese Yen 113.04 149.55 17.75 --- 127.55 Euro .89 1.17 .14 .0078 --- Exchange Rate Table for Month 2 US Dollar $1 = British Pound 1 £ = Chinese Yuan 1 Y = Japanese Yen 1 ¥ = Euro 1€ US Dollar --- 1.40 .20 .0080 1.17 British Pound .70 --- .11 .0065 .89 Chinese Yuan 6.20 8.72 --- .062 7.59 Japanese Yen 116.24 146.89 16.32 --- 117.2 Euro .92 1.11 .15 .0078 --- An Irish family is buying Chinese silk in a local retail store in Shanghai. Which month will those products be cheaper for the family? Explain your answer using the numbers from the chart above (show your math).
TIPS FOR READING AN EXCHANGE RATE CHART: Read down the chart. For example, in column 1 it says the US Dollar is equal to each of the currencies below it. Therefore $1 = .76 £ or $1 = .89 €.
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Exchange Rate Table for Month 1 |
|||||
|
|
US Dollar $1 = |
British Pound 1 £ = |
Chinese Yuan 1 Y = |
Japanese Yen 1 ¥ = |
Euro 1€ |
|
US Dollar |
--- |
1.32 |
.16 |
.0088 |
1.13 |
|
British Pound |
.76 |
--- |
.12 |
.0067 |
.85 |
|
Chinese Yuan |
6.37 |
8.46 |
--- |
.056 |
7.21 |
|
Japanese Yen |
113.04 |
149.55 |
17.75 |
--- |
127.55 |
|
Euro |
.89 |
1.17 |
.14 |
.0078 |
--- |
|
Exchange Rate Table for Month 2 |
|||||
|
|
US Dollar $1 = |
British Pound 1 £ = |
Chinese Yuan 1 Y = |
Japanese Yen 1 ¥ = |
Euro 1€ |
|
US Dollar |
--- |
1.40 |
.20 |
.0080 |
1.17 |
|
British Pound |
.70 |
--- |
.11 |
.0065 |
.89 |
|
Chinese Yuan |
6.20 |
8.72 |
--- |
.062 |
7.59 |
|
Japanese Yen |
116.24 |
146.89 |
16.32 |
--- |
117.2 |
|
Euro |
.92 |
1.11 |
.15 |
.0078 |
--- |
An Irish family is buying Chinese silk in a local retail store in Shanghai. Which month will those products be cheaper for the family? Explain your answer using the numbers from the chart above (show your math).
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