Knowee
Questions
Features
Study Tools

Using the exchange rate and currency amount provided, calculate the counter currency amount, rounded to the appropriate number of decimal places. (Note: Currency symbols are not required) Currency amount: AUD 1665112.91 Exchange rate: 0.7576 Counter currency amount:..... Answer:

Question

Using the exchange rate and currency amount provided, calculate the counter currency amount, rounded to the appropriate number of decimal places.

(Note: Currency symbols are not required)

Currency amount: AUD 1665112.91

Exchange rate: 0.7576

Counter currency amount:.....

Answer:

🧐 Not the exact question you are looking for?Go ask a question

Solution

To calculate the counter currency amount, you need to multiply the currency amount by the exchange rate.

Here's how you do it:

  1. Take the currency amount which is AUD 1665112.91.
  2. Multiply this amount by the exchange rate which is 0.7576.

Let's do the calculation:

1665112.91 * 0.7576 = 1260931.91

So, the counter currency amount is 1260931.91.

Similar Questions

Suppose 0.5 British pounds (£) trade for one (1) Australian dollar ($), the Australian price level equals $3.6 per good, and the British price level equals £2 per good.What is the real exchange rate in British goods per Australian good, rounded to two decimal points?a.0.90b.1.11c.0.56d.1.80

Suppose the GDP of Australia is 100,000 AUD and the exchange rate between AUD and USD is  1.34 AUD=$1. What is the GDP of Australia when measured in USD? Round your answer to the nearest hundredth.

A person is planning a trip abroad and wants to convert their local currency to the destination currency. Write a program for this where the exchange rate is fixed at 1.18. The program should take an amount in one currency as input, convert it to another currency using the exchange rate, and then output the converted amount rounded to two decimal places. Input format :The input consists of double value n, representing the currency.Output format :The output prints the converted currency in double value with two decimal places.

Suppose 94 Japanese yen (¥) trade for one (1) Australian dollar ($), the Australian price level equals $1.8 per good, and the Japanese price level equals ¥152 per good.What is the real exchange rate in Japanese goods per Australian good, rounded to two decimal points?a.1.80b.0.56c.1.11d.0.90

If USD/JPY is 116.01 and EUR/USD is 1.1597, calculate the (correctly rounded) EUR/JPY rate: Select one: a. 100.0345 b. 134.54 c. 134.5368 d. 100.03

1/3

Upgrade your grade with Knowee

Get personalized homework help. Review tough concepts in more detail, or go deeper into your topic by exploring other relevant questions.