Tourism and Hospitality
Home > Tourism and Hospitality > Hospitality operations (240 hours) > Strand B Accommodation services > Additional units > Provide accommodation reception services > Provide accommodation reception services
Revision Exercise
The foreign currency board displays the following hotel rates:|
Currency
|
Hotel Rate
|
|
US $
|
1.3391
|
|
Canadian $
|
0.9061
|
|
Swiss francs (SFr)
|
0.8556
|
|
German Marks (DM)
|
0.7063
|
|
New Zealand $
|
0.7281
|
|
£ Sterling
|
2.1474
|
|
Japanese ¥ (100
Yen)
|
1.0558
|
During the morning shift the supervisor
checks the following exchange transactions calculated by the GSA. Ensure that
the Australian Dollar value is correct.
|
Currency
|
FX Amount
|
A$ Equivalent
|
Corrected
|
|
Canadian $
|
1000.00
|
906.10
|
|
|
Swiss francs (SFr)
|
550.00
|
470.60
|
|
|
Japanese ¥
|
20 000.00
|
2111.60
|
|
|
US $
|
120.00
|
259.10
|
|
|
NZ $
|
480.00
|
349.50
|
|
|
£ Sterling
|
640.00
|
137.45
|
|
|
US $
|
150.00
|
200.90
|
|
|
SFr
|
1500.00
|
1283.40
|
|
|
DM
|
890.00
|
628.60
|
|
|
Japanese ¥
|
28 000.00
|
295.60
|
|
Revision Exercise
continued
Guests wish to pay the following accounts
with foreign currency. Check that the cashier has calculated
correctly.
|
Foreign Currency
|
Account Total A$
|
FX Equivalent
|
Corrected
|
|
Canadian $
|
684.55
|
755.49
|
|
|
SFr
|
925.50
|
1081.70
|
|
|
Japanese ¥
|
3 275.00
|
310191.32
|
|
|
DM
|
527.00
|
7461.42
|
|
|
Japanese ¥
|
730.75
|
691.42
|
|
|
US $
|
1 025.95
|
766.14
|
|
|
NZ $
|
340.80
|
468.07
|
|
|
£ Sterling
|
212.95
|
199.17
|
|
The property's foreign currency board
needs updating. Use the exchange rates in today's paper for one A $. The hotel
deducts 9 % commission from the bank rate. Calculate the new rates for each unit
of foreign currency, less commission. (To 4 decimal
points)
|
Currency
|
Exchange rate for one A
$
|
Exchange rate for one unit of
foreign currency
|
Hotel Rate
( less 9%
commission)
|
|
US $
|
|
|
|
|
Canadian $
|
|
|
|
|
German Marks (DM)
|
|
|
|
|
New Zealand $
|
|
|
|
|
£ Sterling
|
|
|
|
|
Japanese ¥
|
|
|
|
|
Singapore $
|
|
|
|
|
Swiss Franks
|
|
|
|
|