1. A marine biologist is planning to move from Sydney, Australia, to San Francisco. She has $5,000 Australian dollars (AUD) to make the move. In the summer of 2006, the exchange rate of USD/AUD (U. S. dollars to Australian dollars) is 0.765, and the USD is rising against the AUD. If the rising dollar trend continues, and all other economic elements remain equal, will her AUD be worth more USD now or later? Explain.

Question

Mathematics

Jaidyn Mayer

21 April, 22:21

1. A marine biologist is planning to move from Sydney, Australia, to San Francisco. She has $5,000 Australian dollars (AUD) to make the move. In the summer of 2006, the exchange rate of USD/AUD (U. S. dollars to Australian dollars) is 0.765, and the USD is rising against the AUD. If the rising dollar trend continues, and all other economic elements remain equal, will her AUD be worth more USD now or later? Explain.

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Isla · Answer 1

5000 USD to AUD

every $1 USD =.765 AUD

5000 USD = $3825 AUD

if the worth of the american dollar is increasing in comparison to the australian dollar, she will get less USD per AUD

therefore

her AUD will be worth more USD now in comparison to later