need help 3 questions

Foreign
Exchange Exercise

Use
the foreign exchange rate tables
to complete these exercises:

Please answer the following questions.  Show
all work to receive full credit.  Do
not use foreign exchange calculators found on the Internet.

1. 

You are
visiting Cabo San Lucas, Mexico and you run into your favorite fast food
restaurant, Burger King.  You could
really go for a Whopper.  In the States,
you know that a Whopper cost you $2.49. 
The price in Mexico is 35 Pesos.  Where
do you get a better deal?

2. 
Your Grandfather has just left you $300,000 and
you have decided to buy a vacation home in Italy.  Italy’s currency is the Euro.  You are watching House Hunters International
and you see a house that is right up your alley.  You wonder if you would be able to afford a
property like this.  The realtor says the
Asking Price is 275,000 Euro.  Did Gramps
leave you a large enough inheritance? 

3. 
You are looking to purchase a new I Pad on the
internet.  You come across one, but it is
on a Japanese website and the price is listed in Yen.  The price asked is 60,000 Yen, with free
shipping.  You know that I Pads cost
about $450 in the US.  Does the website
offer a good deal?

 

 

 

 

 

   

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

   

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

   

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

U.S.-dollar   foreign-exchange rates in late New York Trading
Country/currency	in   US$	per   USD $
Americas
Argentina   peso	0.1137	8.7912
Brazil   real	0.3094	3.2882
Canada   dollar	0.7966	1.2716
Chile   peso	0.001583	640.3
Colombia   peso	0.0003884	2631
Ecuador   US dollar	1	1
Mexico   peso	0.0664	15.2763
Peru   new sol	0.3243	3.0995
Uruguay   peso	0.03899	25.56
Venezuela   bolivar	0.15888274	6.294
Asia-Pacific
Australian   dollar	0.7776	1.307
China   yuan	0.1612	6.1946
Hong   Kong dollar	0.1289	7.7594
India   rupee	0.01606	62.4838
Indonesia   rupiah	0.0000768	13069
Japan   yen	0.00833	120.76
Europe
Euro   area euro	1.0821	0.938
Hungary   forint	0.00356812	284.71
Iceland   krona	0.007273	138.71
Norway   krone	0.1247	8.0884
Poland   zloty	0.2618	3.876
Romania   leu	0.244	4.1522
Russia   ruble	0.01687	60.029
Sweden   krona	0.116	8.6734
Switzerland   franc	1.0253	0.99
Turkey   lira	0.3887	2.6037
Ukraine   hryvnia	0.0427	23.3865
U.K.   pound	1.4956	0.6778