Today, you can get either 121 Canadian dollars or 1,095 Mexican pesos for 100 U.S. dollars. Last year, 100 U.S. dollars was worth 136 Canadian dollars or 1,087 Mexican pesos. One hundred U.S.
Dollars converted into:

Question

Quizplus · Accepted Answer

To determine the value of 100 U.S. dollars in Canadian dollars last year, divide the current exchange rate (121 Canadian dollars/100 U.S. dollars) by the exchange rate last year (136 Canadian dollars/100 U.S. dollars): 121/136 = 0.89. Then, multiply this ratio by the original value of 100 U.S. dollars: 0.89 × 100 = 89 Canadian dollars. Therefore, the value of 100 U.S. dollars converted into Canadian dollars last year is now worth 112.40 U.S. dollars (using the current exchange rate of 121 Canadian dollars/100 U.S. dollars).

Today, You Can Get Either 121 Canadian Dollars or 1,095