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Wall street journal foreign currency exchange rates

04/05/2021 Client: muhammad11 Deadline: 2 Day

Use the foreign exchange section of a current issue of The Wall Street Journal to look up the six currencies in Problem 19-5.

a. What is the current exchange rate for changing dollars into 1,000 units of pounds, Canadian dollars, euros, yen, Mexican pesos, and Swedish kronas?

b. What is the percentage gain or loss between the August 3, 2011, exchange rate and the current exchange rate for each of the currencies in Part a?

Data from Problem 19.5

Table 19.1 lists foreign exchange rates for August 3, 2011. On that day, how many dollars would be required to purchase 1,000 units of each of the following: British pounds, Canadian dollars, EMU euros, Japanese yen, Mexican pesos, and Swedish kronas?

Table 1

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