Question

Use xe.com for exchange rates.


1. Ali is thinking about going to Japan for vacation, how many JPY will she receive if she converts $1,000 USD, with a 2% currency exchange fee?

2. Ali is also thinking of taking a trip to New Zealand, how many NZD will she receive if she converts $1,000 USD, with a 2% currency exchange fee?

3. Instead of taking two trips Ali is now considering taking one long trip where she will go from the USA to Japan and then to New Zealand. If she starts with $2,000 USD, how many JPY will she receive, without a 2% currency exchange fee? While in Japan Ali spends 100,000 JPY, how many NZD will she receive when she converts her money into NZD, with a 2% currency exchange fee? If Ali spends 1000 NZD while in New Zealand, how many USD will she receive when she converts her money back in the USA, with a 2% currency exchange fee?

Answer 1

Answes . Conversion of Uso to y JPY. foon are xe.com la LO8678__8IPY _icons 22 = 108 678 Jpy Cenyestion- Exchange fee = 10867882% = 2173.56 Ali Receives : 108678 -2173-56 = 106,504-44 JPY P. Conversion of uso to NZD P LUSD = 1.560.32 NZD loco USD = 2! DE 1560:32 NZD (less) exchange ff - 1560:32x2y = 31.21 Receives = 1529.|| NZD Ali Convensica of uso fo Jpy. LUSD = 108.678 JPY 2000 USD = ?) = 2,17,356 JPY Ali receives 2, 17, 356 JPY with out exchange fee Conor she ..301, spend 100,000 JPY in Japan 2,17,356 – 100,000 = 117,356 JPY [p.toJ

TJpY = 0.0143579 NZD 417356 JPY : 22 = 1684.9857 NZD Less!_27. exchange fees (33.6991). 16:51:2860 N20 Ali_receves = 1651-2860 NZD Then she spend 1000 NZD in new Zealand. = 1651.2860 NZD - 1000 NZD => 66.2860 NZD remains Conversion of NZD to USD I NZD = 0.640910 USD 651-2860 = ?? = 1058.3257 USD less: 2% exchange off_ 21.1665 Net USD Ali Received = 1037. 1592 3) Ali receives 103.71592 USD.