after a grueling flight, your plane lands in tokyo. starving, you stop at the first sushi bar you see and spend 5,800 japanese yen. your currency from an earlier stop in germany is still in euros. how many euros did you spend? assume the dollar per yen exchange rate is .00806 and the dollar per euro exchange rate is .9203.

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01-12-2022
Business

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after a grueling flight, your plane lands in tokyo. starving, you stop at the first sushi bar you see and spend 5,800 japanese yen. your currency from an earlier stop in germany is still in euros. how many euros did you spend? assume the dollar per yen exchange rate is .00806 and the dollar per euro exchange rate is .9203.

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Qwpanda Qwpanda · Answer 1 · 2022-12-06T00:32:40-05:00

Assuming the dollar per yen exchange rate is .00806 and the dollar per euro exchange rate is .9203 the euros spend is 50.80.

Yen per euro

=.9203/.00806

=114.1811

Euros spend

=5800/114.1811

=50.80

The euro is the sole cash of 19 EU part states Austria, Belgium, Cyprus, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, the Netherlands, Portugal, Slovakia, Slovenia, and Spain. The U.S. dollar for the most part reinforced against the euro in 2020 and 2021. This strength makes European imports generally more affordable in the U.S. To whatever extent May 2022, the Euro rose to 1.07 USD, which actually implied that the Euro was more grounded, however by scarcely a little. Today, in July 2022, 1 Euro = 1.01 USD, implying that the USD is getting up to speed. The Euro, over the long haul, has major areas of strength for stays it is set by approaches of the European National Bank.

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