Question

Use xe.com to solve the following questions. Illustrate the steps.

1) Mike is thinking about going to Australia for vacation, how many AUD will he receive if he converts $1,000 USD, without a currency exchange fee?

2) Mike is also thinking of taking a trip to Brazil, how many BRL will he receive if he converts $1,000 USD, without a currency exchange fee?

3) Instead of taking two trips Mike is now considering taking one long trip where he will go from the USA to Brazil and then to Australia. If he starts with $2,000 USD, how many BRL will he receive, without a currency exchange fee? While in Brazil Mike spends 1000 BRL, how many AUD will he receive when he converts his money into AUD, without a currency exchange fee? If Mike spends 1000 AUD while in Australia, how many USD will he receive when he converts his money back in the USA, without a currency exchange fee?

Answer 1

Based on Calculation from the given reference

Ans 1)

$1,000 USD = $ 1,473.01 AUD

1 AUD = 0.678881 USD

1 USD = 1.47301 AUD

Ans 2)

$ 1,000 USD = 4,192.73 BRL

1 BRL = 0.238508 USD

1 USD = 4.19273 BRL

Ans 3)

$ 2,000 USD = 8,387.25 BRL

Now he spend 1,000 BRL so remaining is 7,387.25 BRL

7,387.25 BRL = $ 2,594.78 AUD

1 AUD = 2.84697 BRL

1 BRL = 0.351251 AUD

Now he spend $ 1,000 AUD so remaining $ 1,594.78 AUD

Now converting remaining AUD to USD

$ 1,594.78 AUD = $ 1,082.67 USD

Hope this helps. Feel free to share your feedback. Thanks and have a good day.