The Chinese Yuan. Currency Rate 1 U.S. Dollar = 6.8 Yuan 1 Yuan = 0.15 U.S. Dollar –Currency rates are constantly changing and need to be checked on.

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Presentation transcript:

The Chinese Yuan

Currency Rate 1 U.S. Dollar = 6.8 Yuan 1 Yuan = 0.15 U.S. Dollar –Currency rates are constantly changing and need to be checked on a daily basis for accuracy.

Problems to Solve If a Big Mac from McDonalds costs $5.00, how many yuan would it cost in China? Answer: 34 yuan

If a blackberry cell phone cost 200 yuan in China, do you think this would be a good deal? Answer: The cell phone would cost approximately $30.00…….good deal?

Given the current exchange rate, who is getting a better deal? –A. A Chinese person visiting America. –B. An American visiting China. Explain your answer Answer: Currently an American traveling to China would be spending less money since the U.S. dollar is worth more than the Chinese yuan.