Question

The current exchange rate between Australia and the US is $AUD 1 = $USD 0.77.

How much $AUD can I get with $US 100,000?

Answer 1

$129,870.13 AUD

Explanation:

To find out what we need to solve, we can use these exchange rates:

• 1 AUD = 0.77 USD

• ? AUD = 100,000 USD

Now, we need to divide 100,000 by 0.77.

• 100,000 ÷ 0.77 = 129,870.13

Why do we do this?

We do this because we need to figure out how many times 0.77 must be multiplied to get 100,000. Then, we take that amount, and multiply that by however many AUD's you have.

• 129870.13 × 1 = 129870.13

Therefore, for every $100,000 USD, there is $129,870.13 AUD.