Question

Exchange Rate If euros sell for $1.71 (U.S.) per euro, what should dollars sell for in...

Exchange Rate If euros sell for $1.71 (U.S.) per euro, what should dollars sell for in euros per dollar? Round your answer to two decimal places. euros per dollar

0 0
Add a comment Improve this question Transcribed image text
Answer #1

1 euro = 1.71$ elo 1$ = de euro I $ 3.058 euro a: 1$ = 0.58 euro Answer.

Add a comment
Know the answer?
Add Answer to:
Exchange Rate If euros sell for $1.71 (U.S.) per euro, what should dollars sell for in...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
  • 1. If euros sell for $ 1.50 ( U.S.) per euro, what should dollars sell for...

    1. If euros sell for $ 1.50 ( U.S.) per euro, what should dollars sell for in euros per dollar? 2. Suppose that the exchange rate is 0.60 dollars per Swiss franc. If the franc appreciates 10% against the dollar, how many francs would a dollar buy tomorrow?

  • If euros sell for $1.40 US per euro, what should dollar sell for in euros per...

    If euros sell for $1.40 US per euro, what should dollar sell for in euros per dollar?

  • Suppose the exchange rate between U.S. dollars and Swiss francs is SF 1.3406 = $1.00, and...

    Suppose the exchange rate between U.S. dollars and Swiss francs is SF 1.3406 = $1.00, and the exchange rate between the U.S. dollar and the euro is $1.00 = 1.153 euros. What is the cross-rate of Swiss francs to euros (SF/Euro)? Enter your answer rounded off to FOUR decimal points.

  • Suppose the exchange rate between U.S. dollars and Swiss francs is SF 0.9704 = $1.00, and...

    Suppose the exchange rate between U.S. dollars and Swiss francs is SF 0.9704 = $1.00, and the exchange rate between the U.S. dollar and the euro is $1.00 = 0.9938 euros. What is the cross-rate of Swiss francs to euros (SF/Euro)? Enter your answer rounded off to FOUR decimal points.

  • true or false, explain Define the exchange rate as the amount of U.S. dollars per euro...

    true or false, explain Define the exchange rate as the amount of U.S. dollars per euro (EUSD/euro). Under the General Model of Long-Run Exchange Rates of Chapter 5 an increase in the demand for U.S. output relative to European output causes a long run appreciation of the dollar against the euro. Do not forget to include a graph to support your answer. (15 points)

  • The present exchange rate between US dollars and Euros is 1.34 $/Euro. The price of a...

    The present exchange rate between US dollars and Euros is 1.34 $/Euro. The price of a domestic 180-day Treasury bill is $99.50 per $100 face value. The price of the analogous Euro instrument is 98.50 Euros per 100 Euro face value. a. What is the theoretical 180-day forward exchange rate? b.Suppose the 180-day forward exchange rate available in the marketplace is 1.31 $/Euro. This is less than the theoretical forward exchange rate, so an arbitrage is possible. Describe a risk-free...

  • Suppose the one-year forward $7€ exchange rate is $1.9 per euro and the spot exchange rate...

    Suppose the one-year forward $7€ exchange rate is $1.9 per euro and the spot exchange rate is $1.6 per euro. What is the forward premium on euros (the forward discount on dollars)? The forward premium on euros is 18.8 percent. (Give your answer as a percentage with one decimal and do not forget a negative sign, if appropriate.) Given the above information, what is the difference between the interest rate on one-year dollar deposits and that on one-year euro deposits...

  • 1. The present exchange rate between US dollars and Euros is 1.34 $/Euro. The price of...

    1. The present exchange rate between US dollars and Euros is 1.34 $/Euro. The price of a domestic 180-day Treasury bill is S99.50 per $100 face value. The price of the analogous Buro instrument is 98.50 Euros per 100 Euro face value (a) What is the theoretical 180-day forward exchange rate? (b) Suppose the 180-day forward exchange rate available in the marketplace is 1.31 $/Euro. This is less than the theoretical forward exchange rate, so an arbitrage is possible. Describe...

  • Suppose we have the following exchange rate quotes:    in US$ per US$ Euro area (€)...

    Suppose we have the following exchange rate quotes:    in US$ per US$ Euro area (€) 1.3637 .7333 Mexico (Ps) .0781 12.8025    a. If you have $150, you can get  euros. (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16. Use the €/$ exchange rate in your calculation.)    b. One euro is worth $  . (Do not round intermediate calculations and round your answer to 4 decimal places, e.g., 32.1616.)    c. If you...

  • Suppose we have the following exchange rate quotes:    in US$ per US$ Euro area (€)...

    Suppose we have the following exchange rate quotes:    in US$ per US$ Euro area (€) 1.3455 .7432 Mexico (Ps) .0781 12.8113    a. If you have $225, you can get  euros. (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16. Use the €/$ exchange rate in your calculation.)    b. One euro is worth $  . (Do not round intermediate calculations and round your answer to 4 decimal places, e.g., 32.1616.)    c. If you...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT