2,000 CHF was used to purchase USD in Q2 and then sold in Q4. How much will the amount be worth in CHF?
Question
How much will the amount be worth in CHF?
2,000 CHF was used to purchase USD in Q2 and then sold in Q4.
Solution
To determine how much the amount will be worth in CHF after selling USD in Q4, we need the following information:
- The exchange rate at which CHF was converted to USD in Q2.
- The exchange rate at which USD was converted back to CHF in Q4.
Unfortunately, without specific exchange rates for these periods, I can’t provide a definitive answer. However, I can provide a general framework on how to calculate the value in CHF after selling USD:
-
Break Down the Problem
- Determine the amount of USD obtained from converting 2,000 CHF based on the exchange rate in Q2.
- Determine how much that USD can be converted back into CHF based on the exchange rate in Q4.
-
Relevant Concepts
- Use the following formulas:
- Amount of USD = Amount of CHF / Exchange rate (Q2)
- Amount of CHF = Amount of USD × Exchange rate (Q4)
- Use the following formulas:
-
Analysis and Detail
- Let be the exchange rate CHF to USD in Q2.
- Let be the exchange rate USD to CHF in Q4.
- Calculate the amount of USD:
- Calculate the amount back in CHF:
-
Verify and Summarize
- Using the exchange rates:
- Example: If (1 CHF = 0.9 USD) and (1 USD = 1.1 CHF):
- You will need the actual Q2 and Q4 exchange rates to calculate the real values.
- Using the exchange rates:
Final Answer
The final CHF amount will depend on actual exchange rates used during those periods. Please provide the exchange rates to calculate the precise amount.
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