A world traveler who had not been to Japan since there was parity between the yen & penny was surprised to learn when he arrived in Tokyo on October 20, 2022 that $1 bought 150.15 yen, up 30.4% for the year - see above graph.
What was the value of the Japanese yen in U.S. dollars in the last currency trade before midnight on New Year's Eve in 2021?
Is it 115.15 yen to the dollar?
ReplyDeleteYes, it is exactly 115.15 yen to the dollar. The question is how many dollars is there per yen. You are halfway there.
DeleteGuessing it would just be 0.0086 dollars to the yen?
Delete100% as usual. The quiz involves doing algebra to get the number of yen to the dollar & then taking the inverse to get dollars to the yen. Well done.
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