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Show how you arrive at your answer. E.g. to answer the question, “How much is $16 is worth in South African rand?”, if $1 = 15.3332 rand, write out $16 x 15.3332 = 245.3312 rand, or note that 1 rand = US$ 0.0652 and write out $16/0.0652 = 245.3988. What are £25,000 (GBP) worth in US dollars? What are ¥10,000 Japanese yen worth in terms of euros?  (Use only figures in the table provided to reach your answer.) In the table, has the Canadian dollar gained or lost value from Wednesday to Thursday, and how can you tell? Suppose the US dollar gains 10% in value against other currencies?  Will this help or hinder US exports, and why?  (Answer in one sentence.)

Show how you arrive at your answer. E.g. to answer the question, “How much is $16 is worth in South African rand?”, if $1 = 15.3332 rand, write out $16 x 15.3332 = 245.3312 rand, or note that 1 rand = US$ 0.0652 and write out $16/0.0652 = 245.3988. What are £25,000 (GBP) worth in US dollars? What are ¥10,000 Japanese yen worth in terms of euros?  (Use only figures in the table provided to reach your answer.) In the table, has the Canadian dollar gained or lost value from Wednesday to Thursday, and how can you tell? Suppose the US dollar gains 10% in value against other currencies?  Will this help or hinder US exports, and why?  (Answer in one sentence.)

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Show how you arrive at your answer. E.g. to answer the question, “How much is $16 is worth in South African rand?”, if $1 = 15.3332 rand, write out $16 x 15.3332 = 245.3312 rand, or note that 1 rand = US$ 0.0652 and write out $16/0.0652 = 245.3988.

  1. What are £25,000 (GBP) worth in US dollars?
  2. What are ¥10,000 Japanese yen worth in terms of euros?  (Use only figures in the table provided to reach your answer.)
  3. In the table, has the Canadian dollar gained or lost value from Wednesday to Thursday, and how can you tell?
  4. Suppose the US dollar gains 10% in value against other currencies?  Will this help or hinder US exports, and why?  (Answer in one sentence.)

 

Exchange Rates: New York Closing Snapshot Thursday, September 06, 2018 U.S.-dollar foreign-exchange rates in late New York trading IN US$ US$ VS. % CHG 1-Day PER US$ Wed Country/currency Thurs Wed YTD Thurs Americas Argentina peso Brazil real 0.0267 0.0259 -3.11 101.1 37.4202 38.6203 4.1477 1.3178 0.2467 0.2411 -2.27 22.4 4.0534 Canada dollar 0.7609 0.7589 -0.27 4.5 1.3142 Chile peso Ecuador US dollar Mexico peso 0.001456 0.001458 0.12 11.6 686.9 686.1 1 unch unch 1 0.0521 0.0517 -0.82 -2.5 19.1832 19.3423 Uruguay peso 0.03081 0.03081 unch 12.7 32.46 32.46 Venezuela bolivar 0.00000403 2401878.4 248409.0001 Asia-Pacific Australian dollar 0.7198 0.7192 -0.08 8.5 1.3893 1.3904 China yuan 0.1463 0.1464 0.06 5.1 6.8352 6.8312 Hong Kong dollar India rupee Indonesia rupiah 0.1274 0.1274 0.02 0.5 7.8493 7.8481 0.0139 0.01394 0.26 12.6 71.945 71.755 14933 111.53 371.25 0.0000672 0.000067 -0.35 10.4 14880 Japan yen Kazakhstan tenge Macau pataca 0.00903 0.00897 -0.7 -1.7 110.75 0.00267 0.00269 0.7 12.4 373.84 8.085 4.153 0.1236965 0.123692 0.5 8.084 0.2416 0.2408 -0.32 4.1398 Malaysia ringgit New Zealand dollar Pakistan rupee 1.9 0.6589 0.6591 0.03 7.6 1.5177 1.5172 0.00812 0.00812 -0.01 11.3 123.11 123.12 Philippines peso 0.0185 0.0186 0.6 8 53.981 53.661 Singapore dollar 0.7276 0.7271 -0.07 2.8 1.3744 1.3754 South Korea won 0.0008912 0.000893 0.2 5.1 1122.06 1119.85 Sri Lanka rupee 0.0061877 0.0061648 -0.37 5.3 161.61 162.21 Taiwan dollar 0.03248 0.03249 0.01 3.8 30.79 30.78 Thailand baht Vietnam dong Europe Bulgaria lev 0.0305 0.03051 0.03 0.6 32.79 32.78 0.00004289 0.00004289 2.7 23315 23314 1.682 6.3895 22.129 0.59432 0.59467 0.06 3.2 1.683 Croatia kuna 0.1563 0.1565 0.11 3.3 6.3967 Czech Rep. koruna Denmark krone 0.0452 0.04519 -0.01 4 22.126 0.1559 0.156 0.07 3.4 6.415 6.4103 Euro area euro 1.1624 1.163 0.05 3.3 0.8603 0.8599 Hungary forint Iceland krona 0.00356595 0.00355139 -0.41 8.3 280.43 281.58 0.009025 0.009143 1.31 110.8 109.37 Norway krone Poland zloty Romania leu Russia ruble 0.1187 0.1191 0.3 2.6 8.4219 8.3967 0.2689 0.2689 6.9 3.7193 3.7193 0.2506 0.2509 0.14 2.7 3.9906 3.9851 0.01444 0.01466 1.52 20.1 69.248 68.213 9.0558 0.9716 6.6017 Sweden krona 0.1098 0.1104 0.57 11.3 9.1073 Switzerland franc 1.0361 1.0292 -0.66 -0.9 0.9652 Turkey lira Ukraine hryvnia U.K. pound 0.1519 0.1515 -0.3 73.4 6.5816 0.0354 0.0352 -0.6 0.3 28.237 28.407 1.2928 1.2906 -0.17 4.5 0.7735 0.7748 Middle East/Africa Bahrain dinar Egypt pound Israel shekel Kuwait dinar Oman sul rial 2.6522 2.6522 unch -0.01 0.3771 0.3771 0.0559 0.0558 -0.13 0.7 17.8895 17.9135 0.2786 0.2778 -0.26 3.2 3.59 3.5994 3.3021 3.3001 -0.06 0.5 0.3028 0.303 2.59744 2.5973 -0.01 0.01 0.38 0.39 Qatar rial 0.2746 0.2748 0.09 -0.2 3.6421 3.6388 Saudia Arabia riyal 0.2666 0.2666 -0.01 0.01 3.7509 3.7511 South Africa rand 0.0652 0.0648 -0.58 24 15.3332 15.4227 Source: Tullett Prebon 502으도 이17 1
Transcribed Image Text:Exchange Rates: New York Closing Snapshot Thursday, September 06, 2018 U.S.-dollar foreign-exchange rates in late New York trading IN US$ US$ VS. % CHG 1-Day PER US$ Wed Country/currency Thurs Wed YTD Thurs Americas Argentina peso Brazil real 0.0267 0.0259 -3.11 101.1 37.4202 38.6203 4.1477 1.3178 0.2467 0.2411 -2.27 22.4 4.0534 Canada dollar 0.7609 0.7589 -0.27 4.5 1.3142 Chile peso Ecuador US dollar Mexico peso 0.001456 0.001458 0.12 11.6 686.9 686.1 1 unch unch 1 0.0521 0.0517 -0.82 -2.5 19.1832 19.3423 Uruguay peso 0.03081 0.03081 unch 12.7 32.46 32.46 Venezuela bolivar 0.00000403 2401878.4 248409.0001 Asia-Pacific Australian dollar 0.7198 0.7192 -0.08 8.5 1.3893 1.3904 China yuan 0.1463 0.1464 0.06 5.1 6.8352 6.8312 Hong Kong dollar India rupee Indonesia rupiah 0.1274 0.1274 0.02 0.5 7.8493 7.8481 0.0139 0.01394 0.26 12.6 71.945 71.755 14933 111.53 371.25 0.0000672 0.000067 -0.35 10.4 14880 Japan yen Kazakhstan tenge Macau pataca 0.00903 0.00897 -0.7 -1.7 110.75 0.00267 0.00269 0.7 12.4 373.84 8.085 4.153 0.1236965 0.123692 0.5 8.084 0.2416 0.2408 -0.32 4.1398 Malaysia ringgit New Zealand dollar Pakistan rupee 1.9 0.6589 0.6591 0.03 7.6 1.5177 1.5172 0.00812 0.00812 -0.01 11.3 123.11 123.12 Philippines peso 0.0185 0.0186 0.6 8 53.981 53.661 Singapore dollar 0.7276 0.7271 -0.07 2.8 1.3744 1.3754 South Korea won 0.0008912 0.000893 0.2 5.1 1122.06 1119.85 Sri Lanka rupee 0.0061877 0.0061648 -0.37 5.3 161.61 162.21 Taiwan dollar 0.03248 0.03249 0.01 3.8 30.79 30.78 Thailand baht Vietnam dong Europe Bulgaria lev 0.0305 0.03051 0.03 0.6 32.79 32.78 0.00004289 0.00004289 2.7 23315 23314 1.682 6.3895 22.129 0.59432 0.59467 0.06 3.2 1.683 Croatia kuna 0.1563 0.1565 0.11 3.3 6.3967 Czech Rep. koruna Denmark krone 0.0452 0.04519 -0.01 4 22.126 0.1559 0.156 0.07 3.4 6.415 6.4103 Euro area euro 1.1624 1.163 0.05 3.3 0.8603 0.8599 Hungary forint Iceland krona 0.00356595 0.00355139 -0.41 8.3 280.43 281.58 0.009025 0.009143 1.31 110.8 109.37 Norway krone Poland zloty Romania leu Russia ruble 0.1187 0.1191 0.3 2.6 8.4219 8.3967 0.2689 0.2689 6.9 3.7193 3.7193 0.2506 0.2509 0.14 2.7 3.9906 3.9851 0.01444 0.01466 1.52 20.1 69.248 68.213 9.0558 0.9716 6.6017 Sweden krona 0.1098 0.1104 0.57 11.3 9.1073 Switzerland franc 1.0361 1.0292 -0.66 -0.9 0.9652 Turkey lira Ukraine hryvnia U.K. pound 0.1519 0.1515 -0.3 73.4 6.5816 0.0354 0.0352 -0.6 0.3 28.237 28.407 1.2928 1.2906 -0.17 4.5 0.7735 0.7748 Middle East/Africa Bahrain dinar Egypt pound Israel shekel Kuwait dinar Oman sul rial 2.6522 2.6522 unch -0.01 0.3771 0.3771 0.0559 0.0558 -0.13 0.7 17.8895 17.9135 0.2786 0.2778 -0.26 3.2 3.59 3.5994 3.3021 3.3001 -0.06 0.5 0.3028 0.303 2.59744 2.5973 -0.01 0.01 0.38 0.39 Qatar rial 0.2746 0.2748 0.09 -0.2 3.6421 3.6388 Saudia Arabia riyal 0.2666 0.2666 -0.01 0.01 3.7509 3.7511 South Africa rand 0.0652 0.0648 -0.58 24 15.3332 15.4227 Source: Tullett Prebon 502으도 이17 1
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