11.14: Problems

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Problem $\PageIndex{1}$

We are considering the purchase of some parts from a German manufacturer. The German manufacturer wants us to pay 2,000,000 Euros. If the current exchange rate is 0.7347 Euros/$, how much will the parts cost in dollars?

Answer: (2,000,000 Euros)($1/0.7347 Euros) = $2,722,199.54

Problem $\PageIndex{2}$

Our sales staff has reached an agreement to sell our product to a large customer in Argentina. Normally the product sells for $455 per 25 units. How much must we charge in Argentina Pesos in order to get the same price? Assume that the exchange rate is 3.0875 Pesos/$?

Answer: ($455)(3.0875 Pesos/$) = 1404.81 pesos

Problem $\PageIndex{3}$

Today the exchange rate is 1.1304 Canadian Dollars per US$. Last year, the exchange rate was 1.0422 Canadian Dollars per US$. Has the US$ strengthened or weakened relative to the Canadian Dollar over the last year?

Answer: Last year, $1 could buy 1.0422 Canadian Dollars. Now, $1 can buy 1.1304 Canadian Dollars. Since each $1 is buying more Canadian Dollars, then the US $ has gotten stronger relative to the Canadian Dollar.

Problem $\PageIndex{4}$

Today the exchange rate is $0.0308 per Thai Baht. Last year the exchange rate was $0.0267 per Thai Baht. Has the US$ strengthened or weakened relative to the Thai Baht over the last year?

Answer: Last year, 1 baht could buy $0.0267. Now, 1 baht can buy $0.0308. Since each baht is buying more dollars, the Thai baht is stronger relative to the US dollar ⇒ the US dollar is weaker relative to the Thai baht.

Problem $\PageIndex{5}$

We know that the Japanese Yen/US $ exchange rate is 118.43 yen/$. Also, the Mexican Peso/US$ exchange rate is 10.998 pesos/$. What is the yen/peso exchange rate? What is the peso/yen exchange rate?

Answer: (118.43 yen/$)($1/10.998 pesos) = 10.768 yen/peso
(10.998 pesos/$)($1/118.43 yen) = 0.0929 peso/yen

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Problem \(\PageIndex{2}\)

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Problem \(\PageIndex{5}\)