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Nominal exchange rate between the gbp and the cad

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Reference no: EM131709362

This  morning,  the price of a Polar  M600 Sports  Watch was CAD  399 on Amazon.ca (Canadian website), GBP  220 on Amazon.co.uk  (UK website), EUR 249 on Amazon.it (Italian web- site).  At the same time, the nominal exchange rates between these currencies were: 0.6 GBP / 1 CAD and 0.67 EUR / 1 CAD.

a.  Given the nominal  exchange rate between the GBP  and the CAD and the price of the Polar  M600 Sports  Watch in  the UK  and  in  Canada, how many  "British"  watches  can  be exchanged  for one "Canadian" watch?  How many "Canadian" watches can be exchanged  for one "British" watch?

b.  Given the nominal  exchange rates between the GBP  and the CAD and the nominal  exchange rate between the EUR and the CAD, compute the nominal exchange rate between the GBP and the EUR.

c. Use the nominal exchange rates to compute the price of the "Canadian" and "British" Polar  M600

Sports  Watches  in EUR.  Compare  the price in EUR  of the watch  in the three  countries.  In which country is this watch the most expensive?

Reference no: EM131709362

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