Problem 31-1 Using Exchange RatesUse the information below to answer the following questions. U.S. $ EQUIVALENTCURRENCY PER U.S. $Polish Zloty.29913.3436Euro1.2410.8058Mexican Peso.075213.2995Swiss Franc1.0320.9690Chilean Peso.002071482.80New Zealand Dollar.80821.2373Singapore Dollar.80061.2491 a.If you have $150, 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.)b.How much is one euro worth in U.S. dollars? (Round your answer to 4 decimal places, e.g., 32.1616.)c.If you have 4.40 million euros, how many dollars do you have? (Enter your answer in dollars, not millions of dollars, rounded to the nearest whole number, e.g., 1,234,567.)d.Which is worth more, a New Zealand dollar or a Singapore dollar?e.Which is worth more, a Mexican peso or a Chilean peso?f-1.How many Swiss francs can you get for a euro? (Round your answer to 4 decimal places, e.g., 32.1616.)f-2.What do you call this rate?

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Fundamentals of Financial Management (MindTap Course List)

15th Edition

ISBN:9781337395250

Author:Eugene F. Brigham, Joel F. Houston

Publisher:Eugene F. Brigham, Joel F. Houston

Chapter19: Multinational Financial Management

Section: Chapter Questions

Problem 6P

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Problem 31-1 Using Exchange Rates

Use the information below to answer the following questions.

	U.S. $ EQUIVALENT	CURRENCY PER U.S. $
Polish Zloty	.2991	3.3436
Euro	1.2410	.8058
Mexican Peso	.0752	13.2995
Swiss Franc	1.0320	.9690
Chilean Peso	.002071	482.80
New Zealand Dollar	.8082	1.2373
Singapore Dollar	.8006	1.2491

a.	If you have $150, 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.)
b.	How much is one euro worth in U.S. dollars? (Round your answer to 4 decimal places, e.g., 32.1616.)
c.	If you have 4.40 million euros, how many dollars do you have? (Enter your answer in dollars, not millions of dollars, rounded to the nearest whole number, e.g., 1,234,567.)
d.	Which is worth more, a New Zealand dollar or a Singapore dollar?
e.	Which is worth more, a Mexican peso or a Chilean peso?
f-1.	How many Swiss francs can you get for a euro? (Round your answer to 4 decimal places, e.g., 32.1616.)
f-2.	What do you call this rate?

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