Use the information below to answer the following questions. U.S. $ EQUIVALENTCURRENCY PER U.S. $ Polish Zloty.2978 3.3576 Euro1.2198 .8198 Mexican Peso.0752 13.2988 Swiss Franc1.0173 .9830 Chilean Peso.002071 482.80 New Zealand Dollar.8087 1.2366 Singapore Dollar.8010 1.2484 a.If you have $180, how many Polish zloty can you get? (Do not include the Polish zloty sign (Z). Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)b.How much is one euro worth in U.S. dollars? (Do not round intermediate calculations and round your answer to 4 decimal places, e.g., 32.1616.)c.If you have 5.80 million euros, how many dollars do you have? (Do not round intermediate calculations and round your answer 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? (Do not round intermediate calculations and round your answer to 4 decimal places, e.g., 32.1616.)f-2.What do you call this rate?

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International Financial Management

14th Edition

ISBN:9780357130698

Author:Madura

Publisher:Madura

Chapter3: International Financial Markets

Section: Chapter Questions

Problem 3IEE

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Use the information below to answer the following questions.

	U.S. $ EQUIVALENT	CURRENCY PER U.S. $
Polish Zloty	.2978	3.3576
Euro	1.2198	.8198
Mexican Peso	.0752	13.2988
Swiss Franc	1.0173	.9830
Chilean Peso	.002071	482.80
New Zealand Dollar	.8087	1.2366
Singapore Dollar	.8010	1.2484


a.	If you have $180, how many Polish zloty can you get? (Do not include the Polish zloty sign (Z). Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
b.	How much is one euro worth in U.S. dollars? (Do not round intermediate calculations and round your answer to 4 decimal places, e.g., 32.1616.)
c.	If you have 5.80 million euros, how many dollars do you have? (Do not round intermediate calculations and round your answer 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? (Do not round intermediate calculations and round your answer to 4 decimal places, e.g., 32.1616.)
f-2.	What do you call this rate?

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