Understanding Business, 10th Edition

Published by McGraw-Hill Education
ISBN 10: 007352459X
ISBN 13: 978-0-07352-459-7

Chapter 3 - Doing Business in Global Markets - Taking it to the Net - Page 87: 1

Answer

Generally, exchange rates don't change very significantly across 30 day periods. For instance, on November 12th, 2022, one Canadian dollar was worth .75 USD. On December 11th, 2022, one Canadian dollar was worth .73 USD. On November 12th, 2022, one Pound Sterling was worth 1.18 USD. On December 11th, 2022, one Pound Sterling was worth 1.22 USD.

Work Step by Step

Answers will vary based on the time period the person is living in. Generally, exchange rates remain relatively stable, but there are instances (in Britain in September of 2022, for example) in which the exchange rate to the US Dollar changed significantly over a 30 day period.
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