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Currency conversion calculation

Let's say you are an importer in France. You want to import a product from Mexico. The product will cost you 200 pesos per unit. You want 1,400 units. You have agreed with the Mexican producer that you will pay him in Dollars. How many dollars will you purchase? How many French Francs will it take to purchase that amount of dollars.?

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Purchase cost = 1400*200=280,000 Peso
The Peso US Dollar exchange rate is 10.912 i.e. each dollar can buy ...

Solution Summary

The solution shows how to calculate the currency conversion between Mexican Pesos and French Francs.