Question

Asked Feb 27, 2019

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Currecny | Dollars per Foregn | Foreign per Dollar |

British Pound | 1.678 | 0.5958 |

Canadian Dollar | 0.7483 | 1.336 |

European Euro | 1.169 | 0.8554 |

Japenese Yen | 0.008482 | 117.9 |

Mexican Peso |
0.0943 |
10.6045 |

You wish to exchange 200 British pounds for Japenese yen. How many yen do you receive?

Step 1

**Currency Swap:** A currency or money swap is a treaty in which two groups or parties interchange the principal and interest amount of a loan, where the parties pay in one nation’s currency for the interest and principal in another nation’s currency.

Step 2

**Calculation of Value of British Pound:**

The value of British pound is nothing but the total value of 200 British pounds.

Step 3

**Now calculate the amount received in Yen,**

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