{"id":1252,"date":"2021-05-17T17:19:50","date_gmt":"2021-05-17T21:19:50","guid":{"rendered":"https:\/\/pressbooks.bccampus.ca\/businessmathematics\/?post_type=chapter&p=1252"},"modified":"2021-06-29T18:59:57","modified_gmt":"2021-06-29T22:59:57","slug":"videos-currency-conversions","status":"web-only","type":"chapter","link":"https:\/\/pressbooks.bccampus.ca\/businessmathematics\/chapter\/videos-currency-conversions\/","title":{"raw":"Videos: Currency Conversions","rendered":"Videos: Currency Conversions"},"content":{"raw":"exchange rates to answer these problems:<\/em>\r\n\r\nCurrency\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 In CAD (1 unit of foreign currency buys___CAD)<\/strong>\r\n\r\nAustralia (AUD)\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 0.8423\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 USA (USD)\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 1.1218\r\n\r\nRussian Ruble (RUB)\u00a0\u00a0\u00a0 0.1783\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Euro (EUR)\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 1.4245\r\n\r\nNew Zealand (NZD)\u00a0\u00a0\u00a0\u00a0\u00a0 0.7168\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 UK pounds (GBP)\u00a0\u00a0\u00a0\u00a0\u00a0 1.6523\r\n\r\nFor example, 1 GBP = 1.6523 CAD<\/em>\r\n\r\n \r\n\r\nHow much Canadian dollars will it take to buy:\r\n\r\n(a) 500 Rubles?\r\n\r\n(b) 500 Euros?\r\n\r\n[embed]https:\/\/youtu.be\/95kBZsX3lso[\/embed]\r\n
    \r\n \t
  1. You have decided to visit the Thrifty Market in downtown Bellingham.\u00a0 You purchase a quart bottle of Black Cherry Pop for $1.25 per bottle.\u00a0 Is this a better deal than Canadian Pop, which sells for $5.10 per six pack?\u00a0 Solve the problem by changing the US price into a Canadian price per Canadian six pack.<\/li>\r\n<\/ol>\r\n4 quarts = 1 US gallon\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 6 cans = 1 six pack\r\n\r\n1 can of pop = 355 ml\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 \u00a0\u00a0\u00a0\u00a0\u00a0 1 gallon = 3.7843 liters.\r\n\r\n1 liter = 1000 ml\r\n\r\n[embed]https:\/\/youtu.be\/n3Wmhmq6qKU[\/embed]\r\n\r\n \r\n
      \r\n \t
    1. You are planning a winter surfing Vacation.\u00a0 You will begin on the North Shore in Hawaii, try to catch the fifty year storm at Bell\u2019s Beach, Australia and finish your trip with a little longboarding on New Zealand\u2019s North Island.\u00a0 You estimate you will need $500 in each currency.<\/li>\r\n<\/ol>\r\n(a)\u00a0\u00a0 How much Canadian will you need to spend?\r\n\r\n(b)\u00a0\u00a0 When you land in Auckland NZ you discover that you still have $65 USD and $90 AUD in your wallet.\u00a0 How much NZD currency can you get?\r\n\r\n \r\n\r\n[embed]https:\/\/youtu.be\/gbyVU-xeCrw[\/embed]\r\n\r\n ","rendered":"

      exchange rates to answer these problems:<\/em><\/p>\n

      Currency\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 In CAD (1 unit of foreign currency buys___CAD)<\/strong><\/p>\n

      Australia (AUD)\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 0.8423\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 USA (USD)\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 1.1218<\/p>\n

      Russian Ruble (RUB)\u00a0\u00a0\u00a0 0.1783\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Euro (EUR)\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 1.4245<\/p>\n

      New Zealand (NZD)\u00a0\u00a0\u00a0\u00a0\u00a0 0.7168\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 UK pounds (GBP)\u00a0\u00a0\u00a0\u00a0\u00a0 1.6523<\/p>\n

      For example, 1 GBP = 1.6523 CAD<\/em><\/p>\n

       <\/p>\n

      How much Canadian dollars will it take to buy:<\/p>\n

      (a) 500 Rubles?<\/p>\n

      (b) 500 Euros?<\/p>\n