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Currency Exchange Rates

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1. Based on the currency exchange rates for April 16, 2008, find the amount of each local currency:

(a) $50 = _____ Canadian dollars
200 Canadian dollars = _____ US dollars

(b) $50 = _____ Cayman Island dollars
200 Cayman Island dollars = _____ US dollars

(c) $50 = _____ Jamaican dollars
200 Jamaican dollars = _____ US dollars

2. Set up a proportion to find the number of U.S. dollars that was equivalent to 1 Mexican peso.

3. From problem 2, you should recognize the expression 1/10.5. What is the mathematical word that describes the relationship between the conversion rates 10.5 and 1/10.5?

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The expert examines currency exchange rates.

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Page 460 Problems 1-3

I went to http://www.oanda.com/currency/historical-rates and found exchange rates.
1 US dollar = 1.02 Canadian dollars
1 US dollar = 0.83 Cayman Island dollars
1 US ...

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