Final answer:
To calculate the exchange rate between the Canadian dollar and the euro, use the given US dollar conversions to establish a proportion and solve for the value of one euro in Canadian dollars, then find the reciprocal to express the value of one Canadian dollar in euros, which is C$1 = €0.6179.
Step-by-step explanation:
To find the exchange rate between the Canadian dollar (C$) and the euro (€), we can use the given information about how U.S. dollars (US$) convert into these two currencies. We know that $1 US converts to C$1.36 and US$1.19 converts to €1. To find the exchange rate between C$ and €, we can set up a proportion:
US$1 / C$1.36 = US$1.19 / €1
Now we solve for the value of 1 Euro in Canadian dollars:
€1 = C$1.36 * (US$1.19 / US$1)
€1 = C$1.6192
Therefore, to express this as the value of 1 Canadian dollar in euros, we simply take the reciprocal:
C$1 = €1 / C$1.6192
C$1 = €0.6179 (rounded to 4 decimal places)
The correct exchange rate is C$1 = €0.6179.