Free Online Course in International Business

Task 1 – Rates and Products

Mexican peso (MXP)

Oil:  1 barrel = MXP60.00

Must buy in lots of 100 barrels (MXP6,000.00 = 100 barrels)

Japanese yen (JPY)

Electronic component parts:  1 part = JPY200

Must buy in lots of 1,000 (JPY200,000 = 1,000 parts)

Canadian dollar (CAD)

Honey :  1 barrel = CAD470.00

Must buy in lots of 60 (CAD28,200.00 = 60 barrels)

Australian dollar (AUD)

Diamonds:  1 carat = AUD150.00

Must buy in lots of 100 (AUD15,000.00 = 100 carats)

European currency (EUR)

Men’s shirts:  1 shirt = EUR15.00

Must buy in lots of 200 (EUR3,000.00 = 200 men’s shirts)

British pound (GBP)

Leather belts:  1 belt = GBP5.00

Must buy in lots of 1,000 (GBP5,000.00 = 1,000 leather belts)