Posted: February 28th, 2023
Currency and Exchange Rate
Below is the file that must be completed.
Worksheet 5: Currency and Exchange Rates Name: Claudia Pena
Go to the CIA Fact Book,
https://www.cia.gov/the-world-factbook/
and look AUSTRALIA
Use Google (or other online resources) to answer the following:
1.
What is the name of the currency in your country?
2.
What is the exchange rate between the dollar and your currency?
$1 = ______________
3.
What is the exchange rate between your currency and the dollar?
1 ___________
(local currency) = __________
dollars
4.
What was the exchange rate between the dollar and your currency 1 year ago?
$
1 = ______________
(last year)
5.
Suppose Ford exported a Ford Mustang that cost $30,000 in the US to your country. What would that car be worth in the local currency?
6.
What would that car have been worth, using last year’s exchange rate?
7.
In the past year, has your local currency gotten ‘weaker’ or ‘stronger’ compared to the dollar?
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