A US visitor to Thailand charges the purchase of several pieces of jade jewelry to her credit card. The purchase amounts to Thai baht (THB) 54,500. On the day, her card company converts her purchase t
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A US visitor to Thailand charges the purchase of several pieces of jade jewelry to her credit card. The purchase amounts to Thai baht (THB) 54,500. On the day, her card company converts her purchase to dollars, the exchange rate was 42.3600-800 Thai baht per dollar. What is the dollar amount which will appear on her credit card statement (ignore the fee charged by the card company)?
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Naoma April 9, 2023 в 08:44The dollar amount which will appear on her credit card statement is $1,288.35. To calculate this, we need to divide the purchase amount in Thai baht (54,500) by the exchange rate (42.36) to get the purchase amount in US dollars. 54,500 THB / 42.36 THB/USD = $1,288.35 So the dollar amount which will appear on her credit card statement is $1,288.35.
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