Scribd Logo
Upload

Welcome to Scribd!

  • Activity 2

    Uploaded by

    Kaycie Lee Dinglasan Eje
    6 views2 pages
    The document shows foreign currency exchange rates for September 27th and 28th. It also shows calculations for exchanging 3,000 foreign currency at different rates on those days, resulting in peso values ranging from 154,620 to 163,500 pesos. The difference between exchanging at the bank versus a money changer on September 27th was 180 pesos, with the money changer providing a higher exchange value.

    Original Description:

    Original Title

    ACTIVITY 2

    Copyright

    © © All Rights Reserved

    Available Formats

    PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    Report this Document
    The document shows foreign currency exchange rates for September 27th and 28th. It also shows calculations for exchanging 3,000 foreign currency at different rates on those days, resulting in peso values ranging from 154,620 to 163,500 pesos. The difference between exchanging at the bank versus a money changer on September 27th was 180 pesos, with the money changer providing a higher exchange value.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    6 views2 pages

    Activity 2

    Uploaded by

    Kaycie Lee Dinglasan Eje
    The document shows foreign currency exchange rates for September 27th and 28th. It also shows calculations for exchanging 3,000 foreign currency at different rates on those days, resulting in peso values ranging from 154,620 to 163,500 pesos. The difference between exchanging at the bank versus a money changer on September 27th was 180 pesos, with the money changer providing a higher exchange value.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 2

    Activity 2

    Foreign Currency Transaction

    September 28, 2021


    Booking Rate 55.05
    Buying Rate 54.50
    Selling Rate 56.55

    September 27, 2021


    Booking Rate 53.02
    Buying Rate 51.54
    Selling Rate 56.04

    a Buying Rate 51.54


    Fgn Cy 3,000
    Peso Value 154620

    b Booking Rate 53.02


    x Fgn Currency 3,000
    Peso Value 159060
    Less:
    Booking Rate 51.54
    Fgn Cy 3,000
    Total 154620
    Profit/ Loss 4440
    Activity 2

    FOREIGN CURRENCY TRANSACTION

    c Buying Rate 54.50


    Fgn Cy 3,000
    Peso Value 163500

    D. The difference between the amount of exchange in the


    bank and money changer is 154, 800 less 154,620, so the
    difference 180 pesos. So I think Ms. Hills decided to
    exchange her dollar to a money changer because the value
    in the money changer is higher than the bank.

    You might also like