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 --- Spanish holders of real estate and transportation in Spain are attracting investments from British investors using the pound sterling. In which month should the British investors buy Spanish real estate and transportation? 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	---

Spanish holders of real estate and transportation in Spain are attracting investments from British investors using the pound sterling. In which month should the British investors buy Spanish real estate and transportation?
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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