Zaiden is an American traveling with a tour group in Southeast Asia. During a stop in the Philippines, he purchases a souvenir that is priced at 2,621 Philippine pesos using his credit card. If the exchange rate that day is USD to PHP = 43.36, which is the best estimate of the charge Zaiden will later find on his credit card statement?

$2,550

$50

$125,000

$2,450

Question

Zaiden is an American traveling with a tour group in Southeast Asia. During a stop in the Philippines, he purchases a souvenir that is priced at 2,621 Philippine pesos using his credit card. If the exchange rate that day is USD to PHP = 43.36, which is the best estimate of the charge Zaiden will later find on his credit card statement?

$2,550

$50

$125,000

$2,450

SmokeyBrown · Answer

So if 1 US dollar is worth about 40 Philipine Pesos, just divide the amount in Pesos by 40 (well, 43.36) to convert to the amount in dollars.

dayxdream · Answer

$50 ??

SmokeyBrown · Answer

Yup, that's the closest estimate!

dayxdream · Answer

thank you!