Exchange rate refers value of a currency in another.The cost of the decorative mug is 83.98 China Yuan.
<h3>What is the exchange rate?</h3>
The term exchange rate has to do with the value of a currency in another currency. Given the fact that international trade is the mainstay of the global economy, it is important that one currency should be converted to another for the purpose of the ease of doing business.
The dollar is often the international currency for trade. Its us always necessary to convert the dollar into the local currency of the country where the business is done using the correct exchange rate.
Now If I want to convert the cost of the decorative mug to China Yuan;
I already know that;
1 US dollar = 6.4651 China Yuan
12.99 US dollar = 12.99 US dollar * 6.4651 China Yuan/1 US dollar
= 83.98 China Yuan
Hence, the cost of the decorative mug is 83.98 China Yuan.
Learn more about exchange rate:brainly.com/question/22996931
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Answer:
John made the 2 the thousands unit instead of the hundreds unit
Step-by-step explanation:
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