Vietnamese Coffee Coyote. Many people were surprised when Vietnam became the second largest…

Vietnamese Coffee Coyote. Many people were surprised when Vietnam became the second largest coffee producing country in the world in recent years, second only to Brazil. The Vietnamese dong, VND or d, is managed against the U.S. dollar but is not widely traded. If you were a traveling coffee buyer for the wholesale market (a “coyote” by industry terminology), which of the following currency rates and exchange commission fees would be in your best interest if traveling to Vietnam on a buying trip? (Click on the icon to import the table into a spreadsheet.) Rate Commission Currency Exchange (d) (%) Vietnamese bank rate 19,815 2.45 Saigon Airport exchange bureau rate 19,485 2.00 Hotel exchange bureau rate 19,385 1.50 NOTE: Assume an initial cash amount of $1.00. The combined exchange rate and commission for the bank is d. (Round to two decimal places.)