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Naddik [55]
3 years ago
11

The current US dollar to Euro exchange rate is 1 Euro = US $1.30 (or US $1 = 0.77 Euro). If the US dollar strengthens (appreciat

es) by 10% against the Euro, the new exchange will be
Business
2 answers:
12345 [234]3 years ago
8 0

1 Euro = $1.30 USD or $1.00 USD = 0.77 Euro (this means more US Dollar is needed in exchange with Euro and lesser  amount of Euro is needed in exchange with US Dollar)

US dollars strengthens by 10% compared to Euro.

1Euro = $1.30 USD --> $1.30*0.10 = 0.13 --> $1.30-0.13 = $1.17

$1.00 USD = 0.77 Euro --> 0.77*0.10 = 0.077 --> 0.77+0.077 = 0.847 Euro or 0.85 Euro

The new exchange rate will be 1 Euro = $1.17 USD or $1.00 USD = 0.85 Euro (this means that US economy is performing well, thus lesser US Dollar is needed in exchange with Euro and more Euro is needed in exchange with US Dollar)

san4es73 [151]3 years ago
5 0

1 euro would cost about $1.28 in US dollars.

1 euro could be exchanged for 119 Japanese yen

Hope this helps!!! :)

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