How do you calculate the cross rate of Japanese yen for onepound based on the fo
ID: 2662459 • Letter: H
Question
How do you calculate the cross rate of Japanese yen for onepound based on the following? FF per$1----------9.5 Pound per $1----------0.65 DM per$1----------1.88 Canadian dollar per $1----------1.55 Yen per$1----------92 Australiandollar per $1----------1.75 SF per$1----------1.6 Euro per $1---------0.76 How do you calculate the cross rate of Japanese yen for onepound based on the following? FF per$1----------9.5 Pound per $1----------0.65 DM per$1----------1.88 Canadian dollar per $1----------1.55 Yen per$1----------92 Australiandollar per $1----------1.75 SF per$1----------1.6 Euro per $1---------0.76Explanation / Answer
& yen per $1, required yen per 1 pound. By crossconverting the rates we can arrive at the solution.Pound per $1=0.65 which means $1= 0.65 pounds now 1 pound would be = 1 / 0.65 = $1.538 & given yen per $1=92, which means $1=92 yen
now 1 pound = $1.538 & $1 = 92 yen hence 1 Pound = 1.538 x 92 = 141.496 or 141.50Yen
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