efer to the exchange rates given in the table to answer the questions. Please round your answer to the nearest ten thousandths. January 20, 2016 January 20, 2015 Country (currency) FX per $ FX per £ FX per € FX per $ Australia (dollar) 1.459 2.067 1.414 1.223 Canada (dollar) 1.451 2.056 1.398 1.209 Denmark (krone) 6.844 9.694 7.434 6.430 Eurozone (euro) 0.917 1.299 1.000 0.865 Hong Kong (dollar) 7.827 11.086 8.962 7.752 India (rupee) 68.05 96.39 71.60 61.64 Japan (yen) 116.38 164.84 136.97 118.48
efer to the exchange rates given in the table to answer the questions. Please round your answer to the nearest ten thousandths. January 20, 2016 January 20, 2015 Country (currency) FX per $ FX per £ FX per € FX per $ Australia (dollar) 1.459 2.067 1.414 1.223 Canada (dollar) 1.451 2.056 1.398 1.209 Denmark (krone) 6.844 9.694 7.434 6.430 Eurozone (euro) 0.917 1.299 1.000 0.865 Hong Kong (dollar) 7.827 11.086 8.962 7.752 India (rupee) 68.05 96.39 71.60 61.64 Japan (yen) 116.38 164.84 136.97 118.48
Fundamentals of Financial Management (MindTap Course List)
14th Edition
ISBN:9781285867977
Author:Eugene F. Brigham, Joel F. Houston
Publisher:Eugene F. Brigham, Joel F. Houston
Chapter19: Multinational Financial Management
Section: Chapter Questions
Problem 6P
Related questions
Question
Transcribed Image Text:Introduction to Exchange Rates and the Foreign Exchange Market - EOC
Refer to the exchange rates given in the table to answer the questions. Please round your answer to the nearest ten thousandths.
Country (currency)
January 20, 2016
FX per $
January 20, 2015
FX per £
FX per €
FX per $
Australia (dollar)
1.459
2.067
1.414
1.223
Canada (dollar)
1.451
2.056
1.398
1.209
Denmark (krone)
6.844
9.694
7.434
6.430
Eurozone (euro)
0.917
1.299
1.000
0.865
Hong Kong (dollar)
7.827
11.086
8.962
7.752
India (rupee)
68.05
96.39
71.60
61.64
Japan (yen)
116.38
164.84
136.97
118.48
Mexico (peso)
18.60
26.346
16.933
14.647
Sweden (krona)
8.583
12.157
9.458
8.181
United Kingdom (pound)
0.706
1.000
0.763
0.600
United States (dollar)
1.000
1.416
1.156
1.000
a. What was the US dollar to Japanese yen exchange rate on January 20, 2016?
116.38
Es
Incorrect
b. What was the US dollar to Japanese yen exchange rate on January 20, 2015?
ES:
118.48
Incorrect
c. What was the percentage change in the value of the US dollar relative to the Japanese yen?
%A ES
-1.77
Incorrect
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