With Excel File (This Tutorial contains excel file to solve question for any values) P18-1 Foreign exchange and commodity prices.”�”�While traveling in the following”� countries, you see”� twenty-ounce plastic bottles of”� Coca-Cola. You know the price in the United States for a Coke is “�$0.990.99″�, but the countries have the following”� prices: “�”� “�Canada:”�”� “�C$1.54 “�Japan:”�”� “�¥155 “�England:”�”� “�£0.46 European”� Union:”�”� euro€0.89 What is the implied exchange rate for U.S. dollars and these four”� currencies? P18-3 You are taking a trip to six European countries. It is a”� ten-day trip, and you are taking $ 3900 The current direct conversion rate is “�$1.1723 for euros. While in”� Europe, you spend euro€3 161.323 You convert your remaining euros back to U.S. dollars upon your return. If the exchange rates remained the same over your”� trip, how much do you have left in U.S.”� dollars? P18-4 Currency exchange rates.”�”�On the day you arrive in”� England, the exchange rate for U.S. dollars and British pounds is “�$1:pound 0.53 You have “�$3900″�, which you convert to pounds. While you remain in England for the next two”� weeks, the exchange rate falls to “�$1:£0.490 As you leave”� England, you convert the “�£126 you have left to dollars. How much did you spend in England in U.S.”� dollars? Did the movement in the exchange rate help or hurt”� you?
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