Changes in Exchange Rates Worksheet


Exchange Rate Number of Won Needed
to Purchase
$20,000 car
Number of Dollars Needed
to Purchase
15,000,000 Won Car
Won to Dollar
January 1997
840




Dollar to Won
January 1997
.00119




Won to Dollar
January 1998
1660




Dollar to Won
January 1998
.0006




Currency rates have been simplified to make computations easier.

Multiply the conversion rate times the price of the car to obtain the price of the car in the other currency.

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