Answer:
He should have exchanged the dollars for real in January 2016 to maximize his Brazilian spending. The exchange rate in January will result to highest Real (BRL) of R$<em>59,463.00</em>
Explanation:
To arrive at R$ equivalent of $15,000 on monthly basis, since BRL=1.00 USD, multiply R$ exchange rate each month by $15,000.
For January, 3.9642*15,000= R$59,463.00
February 3.8402*15,000= $57,603.00, etc.
Solution
S/N Month BRL=1.00 USD BRL Equivalent(R$)
1 January 3.9642 59,463.00
2 February 3.8402 57,603.00
3 March 3.6086 54,129.00
4 April 3.6851 55,276.50
5 May 3.5843 53,764.50
6 June 3.5493 53,239.50
7 July 3.2331 48,496.50
8 Aug-08 3.2312 48,468.00
