Foreign Currency Translations
Translate the following amounts of foreign currency into an equivalent number of U.S. dollars using the exchange rates in Exhibit 15.7.
a. £800,000.
b. ¥350,000.
c. €50,000.
EXHIBIT 15–7
U.S. Dollar Equivalents for Five Foreign Currencies
Country/Region | Currency | Exchange Rate (in dollars) | Exchange Rate (in foreign currency) |
Britain | Pound (£) | $1.5231 | 0.657 |
Europe* | Euro (€) | 1.30506 | 0.766 |
Japan | Yen (¥) | 0.01005 | 199.5 |
Mexico | Peso ($) | 0.08155 | 12.262 |
India | Rupee (Rs) | 0.01839 | 53.933 |
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