Instructions

Answer the questions using the following information.
Given that
1 USD = 70.99 INR, | AUD = 0.708 USD, | EURO = 1.137 USD, and | NZD = 9.679 USD, (Here USD (U) = US Dollar, AUD (A) = Australian Dollar, EURO (FE) = European Union Currency, NZD (N) = Newzealand Dollar, INR (1) = Indian rupee)

Question 164

The currency among the following which has the highest exchange value with EURO is

Solution

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1 EUR = 1.137 USD
1 EUR = 1.137*(1/0.708) AUD = 1.605 AUD 
1 EUR = 1.137*(1/9.679) NZD = 0.117 NZD 

Hence, it can be seen that NZD has the highest value against EUR. 

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