You are a U.S. importer who buys goods from many different countries. How many U.S. dollars do you need to settle each of the following invoice 1,000,000 Australian dollars for wool blankets (exchange rate: A$1=$.769 Domestic currency value = foreign current price x exchange rate USD = 1,000,000 AD x .769 USD exchange rate = 769,000 USD Now help me with the following questions based on the previous data. Also help me to understand, how the percentage is calculated to solve a and b What is the dollar value of the invoices in the previous exercise if the dollar: a. depreciates 10 percent against the Australian dollar b. appreciates 10 percent against the British pound
You are a U.S. importer who buys goods from many different countries. How many U.S. dollars do you need to settle each of the following invoice
1,000,000 Australian dollars for wool blankets (exchange rate: A$1=$.769
Domestic currency value = foreign current price x exchange rate
USD = 1,000,000 AD x .769 USD exchange rate = 769,000 USD
Now help me with the following questions based on the previous data. Also help me to understand, how the percentage is calculated to solve a and b
What is the dollar value of the invoices in the previous exercise if the dollar:
a.
b. appreciates 10 percent against the British pound
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