TIPS FOR READING AN EXCHANGE RATE CHART: Read down the chart. For example, in column 1 it says the US Dollar is equal to each of the currencies below it. Therefore $1 = .76 £ or $1 = .89 €. Exchange Rate Table for Month 1 US Dollar $1 = British Pound 1 £ = Chinese Yuan 1 Y = Japanese Yen 1 ¥ = Euro 1€ US Dollar --- 1.32 .16 .0088 1.13 British Pound .76 --- .12 .0067 .85 Chinese Yuan 6.37 8.46 --- .056 7.21 Japanese Yen 113.04 149.55 17.75 --- 127.55 Euro .89 1.17 .14 .0078 --- Exchange Rate Table for Month 2 US Dollar $1 = British Pound 1 £ = Chinese Yuan 1 Y = Japanese Yen 1 ¥ = Euro 1€ US Dollar --- 1.40 .20 .0080 1.17 British Pound .70 --- .11 .0065 .89 Chinese Yuan 6.20 8.72 --- .062 7.59 Japanese Yen 116.24 146.89 16.32 --- 117.2 Euro .92 1.11 .15 .0078 --- Japan Airlines is interested in purchasing new commercial aircraft from US manufacturer Boeing at a price of $102 million per plane. What is the difference in the yen price between month 1 and month 2? During which month is Japan Airlines more likely to buy more planes? Why? Explain your answer using the numbers from the chart above (show your math ).

TIPS FOR READING AN EXCHANGE RATE CHART: Read down the chart. For example, in column 1 it says the US Dollar is equal to each of the currencies below it. Therefore $1 = .76 £ or $1 = .89 €. Exchange...

TIPS FOR READING AN EXCHANGE RATE CHART:
Read down the chart. For example, in column 1 it says the US Dollar is equal to each of the currencies
below
it. Therefore $1 = .76 £ or $1 = .89 €.

Exchange Rate Table for Month 1
	US Dollar $1 =	British Pound 1 £ =	Chinese Yuan 1 Y =	Japanese Yen 1 ¥ =	Euro 1€
US Dollar	---	1.32	.16	.0088	1.13
British Pound	.76	---	.12	.0067	.85
Chinese Yuan	6.37	8.46	---	.056	7.21
Japanese Yen	113.04	149.55	17.75	---	127.55
Euro	.89	1.17	.14	.0078	---

Exchange Rate Table for Month 2
	US Dollar $1 =	British Pound 1 £ =	Chinese Yuan 1 Y =	Japanese Yen 1 ¥ =	Euro 1€
US Dollar	---	1.40	.20	.0080	1.17
British Pound	.70	---	.11	.0065	.89
Chinese Yuan	6.20	8.72	---	.062	7.59
Japanese Yen	116.24	146.89	16.32	---	117.2
Euro	.92	1.11	.15	.0078	---

Japan Airlines is interested in purchasing new commercial aircraft from US manufacturer Boeing at a price of $102 million per plane. What is the difference in the yen price between month 1 and month 2? During which month is Japan Airlines more likely to buy more planes? Why?

Explain your answer using the numbers from the chart above (show your math ).

Jun 07, 2022

SOLUTION.PDF

TIPS FOR READING AN EXCHANGE RATE CHART: Read down the chart. For example, in column 1 it says the US Dollar is equal to each of the currencies below it. Therefore $1 = .76 £ or $1 = .89 €. Exchange...

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